Tuesday, January 23, 2007

PEIX Credit Spread Update

Just got filled on the FEB 20/17.50 Put Spread for a $1.45/contract net credit. The stock has moved up to $18.46 as was expected in anticipation of tonight's SOU address by the Prez.

IV on those puts is 64% respectively and the FEB 17.50 Calls are now trading for 1.70.

Stay tuned for more updates and check the OJ Portfolio for the latest position status.

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