Option Writers Newsletter, Monday, 02/13/2006 08:04:25 PM ET
CLOSING OUT DPTR POSITION
by Steve Gail
HAVING TROUBLE PRINTING?
DPTR CLOSED OUT ON CLOSE BELOW $20 for a NET DEBIT of $0.60. Any subcriber who did not close out the DPTR short position on CLOSE below $20 should close out position for a NET DEBIT of $0.60 tomorrow.
(On a flat opening , you should get a little lower close fill than a $0.60 DEBIT.
WATCH LIST UPDATE - as of 2-13-06
GRA - $10.55 .This issue continues to be a drag as energy and related issues remain under pressure. With the current weakness in energy and the failure of the asbestos trust fund to stablize the issue we must carefully watch this issue for ANY close below $10 will signal a closing of this position WATCH VERY CAREFULLY. Issue needs to support and close above $10 to justify us holding it.
IDCC - CLOSE below $24.50 has IDCC on WATCH LIST FOR FEBRUARY.
The Current WATCH LIST is listed as below:
WATCH LIST INCLUDES: as of Feb. 13, 2006
We will keep you informed on any action that needs to be taken