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EXITING XAU & INFY

HAVING TROUBLE PRINTING?
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AU - Gold and Silver Index
INFY - Infosystems Technologies

Both of the above plays hit our stop limits and we were forced to exit both positions
in our XAU Index and INFY call spreads.

The XAU - Gold and Silver Index broke above its 20 day average with strong conviction.
There is no reason to try and fight the upside breakout

We were stopped out of our XAU spread for a NET DEBIT $0.75 and a NET LOSS of $0.45

Original Trade
SELL XAU-HS $XAU August 95 CALL
BUY SOE-HT $XAU August 97.5 CALL
Exit Strategy= If NET DEBIT = $0.75 STOP



INFY - Also showed strength with a possible test of $75. Once again we were stopped out for a NET DEBIT of $0.75 and a NET LOSS of $0.45 in INFY

Original Trade
SELL IUN-HO INFY August 75 CALL
BUY IUN-HP INFY August 80 CALL
Exit Strategy= If NET DEBIT = $0.75 STOP

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