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SHORT & SWEET

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SHORT & SWEET Good Morning Gang,

Just checked the RUT chain for our Short & Sweet short strangle. Right now we can buy back our December 530 puts and 930 calls for a total of about $5.10.

We originally took in $9.70 for the position. That means we have a profit of $4.60. Multiply that by our four contracts and we have pocketed $1,840.

That's plenty for me. Some of you may want to hang on longer and hope the market continues up and that the volatility continues to decline - yielding even more profit. Me? I think I'll just take the money and run.

Take care and trade smart. Don't be greedy.

Mike


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