Option Writers Newsletter, Thursday, 12/08/2005 08:31:43 PM ET
WATCH LIST UPDATE 12-8-05
by Steve Gail
HAVING TROUBLE PRINTING?
WATCH LIST FOCUS 12-08-05 Thursday
UPDATE ON WATCH LIST - NFLX and PTIE. ( 5 days and counting )
Our watch list are positions that we are monitoring that we might
have to act on by closing out the position. We will keep you informed
of the situation regarding these two positions on an ongoing basis and inform you if any action is necessary. We are currently maintaining both of these positions.
NFLX - No change in analysis - closed at $27.50 - position right at the money.
PTIE - No change in analysis - closed at $7.42 slightly in the money against us
We will continue to hold both these plays, hopefully until next week. If they both continue to build a base along these prices the erosion of premium should start to take affect as early as Monday of next week. However, if we need to act on either of these two (2) positions, we will keep you informed of any action necessary.