Option Writers Newsletter, Wednesday, 07/27/2005 02:52:32 PM ET
Position Exits - TIV and ADBL
HAVING TROUBLE PRINTING?
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.