Option Writers Newsletter, Wednesday, 01/25/2006 09:48:17 PM ET
EPEX and NKTR FILLED - HOWEVER EPEX NOW PLACED ON WATCH LIST
by Steve Gail
HAVING TROUBLE PRINTING?
POSITIONS in EPEX and NKTR FILLED
EPEX and NKTR BOTH FILLED, however EPEX is being placed on our WATCH LIST
due to drop in oil and energy prices.
SELL NKTR FEB SYM: QNX-NC
Target Price $35.00 15 Put
Potential Profit(10 x = $350.00
SELL EPEX FEB SYM: EBQ-NF
Target Price $45.00 30 Put
Potential Profit(10 x = $450.00
Stock goes on Watch List Price at: $32.00
However Lower gas and oil prices caused a retreat in the price of EPEX and it closed
below our WATCH LIST Price of $32.
EPEX is now being placed on our watch list as potential candidates that we might
need to take action to potentially close out the position.
We will be watching EPEX and it will remain on our watch list until we
remove it ( if it closes above $32 a share ) or we will instruct you to liquidate
the position if we deem it necessary.