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EPL and PAY closed out

HAVING TROUBLE PRINTING?
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When it rains it pours. Here is another lesson that can be learned sometimes its is better to close out positions when they are profitable even if they look safe within the last 5-6 days. Second triple digit down day for Dow forces us to close EPL and PAY as both close below our exit and force us to close out BOTH positions as below:

Any subcriber that did not close out positions should do so on the opening Monday.


EPL
close below $25 forces us to close out EPL put position for $1.20 NET DEBIT
PAY
close below $30 forces us to close out PAY put position for $1.25 NET DEBIT

EPL 27.95
SELL EPL MAY SYM: EPL-QE
Target Price $30.00 25 Put
Potential Profit(10 x = $300.00
Stock goes on Watch List Price at: $27.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00

PAY 31.46
SELL PAY MAY SYM: PAY-QF
Target Price $50.00 30 Put
Potential Profit(10 x = $500.00

Stock goes on Watch List Price at: $30.75
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $30.00


WATCH LIST UPDATE LATER TONIGHT

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