Monthly Cash Machine Newsletter, Tuesday, 01/03/2006 03:52:18 PM ET
CLOSING OUT QSII spread ASAP
by Steve Gail
HAVING TROUBLE PRINTING?
CLOSING THE QSII position.
We are closing out the current QSII spread
We are recommending closing out the QSII spread position.
BUY TO CLOSE QCR-MO QSII Jan $75.00 PUT CREDIT=
SELL TO CLOSE QCR-MN QSII Jan $70.00 PUT DEBIT
NET DEBIT $2.00 or A NET LOSS of $1.50
The stocks failure to support the $75 level with the market significantly up, in addition to there being no news impacting the stock leads us to conclude that a closing of this position is the best strategy.