Monthly Cash Machine Newsletter, Friday, 03/24/2006 08:10:42 PM ET
Once again no FILLS - PLAY still open but will Straight Cancel
by Steve Gail
HAVING TROUBLE PRINTING?
Unfortunately, once again not enough upside reaction to get our PLAY spread filled. All subcribers should straight CANCEL the PLAY credit spread
CALL CREDIT SPREAD
STRAIGHT CANCEL PLAY SPREAD
BUY PQP-DY PLAY APR $27.50 CALL DEBIT = $0.10
SELL PQP-DE PLAY APR $25.00 CALL CREDIT= $0.35
NET CREDIT = $0.25
We will be recommending new plays over the weekend for next week. Hopefully we will get some better breaks on fills.
APRIL WATCH LIST - UPDATE
NFLX - ( remains on WATCH LIST)
NFLX - closed at $28.67 which is of course above our WATCH LIST PRICE of $27.78.
We will keep it on our Watch list until it closes below $27.78 or some action is needed
with the stock position. We will keep you advise on any action that needs to be taken regarding the NFLX position.
WATCH LIST - CURRENT as of 3-24-06
NFLX - only issue on Watch List
OPEN ORDERS - after STRAIGHT CANCEL OF PLAY this leaves no OPEN orders.