Option Writers Newsletter, Wednesday, 07/20/2005 02:23:51 PM ET
Alert - Get ready to exit TIV
HAVING TROUBLE PRINTING?
TIV-TV Aug 12.5 put
A recent downward trend has seen TIV sell off over 3 points or nearly 30% to $10.41.
We will be monitoring this stock very closely as its near term support seems to be $10.
If we should break $10 we will immediately close out the TIV-TV August 12.5 put for $2. 65 Debit or a net loss of $2.05. Watch closely to see if TIV can hold support at $10, if not look to close out position for $2.65 Debit if we break $10.
There seems to be no economic or issue related reasons forthis pull back.
We will continue to monitor closely