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Position Exits - TIV and ADBL

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Position Close Outs

TIV-TV Aug 12.5 put CLOSING OUT POSITION
TIV totally broke support of the $10 area and no support is seen until the $9.00 area
which was last seen late April. It became obvious today that the support at $10 was not there.
TIV broke through all down side indicators and forced us, because of a thinly traded market,
to closeout our position for a NET DEBIT of $3.00 or a NET LOSS of $2.10

ADBL - Audible Inc. BREAKS $16.90 - CLOSING OUT POSITION
ADBL has broken below $16.90 price. We had to close out our position for a NET DEBIT of $1.60 or a NET LOSS of $0.75.

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