Option Investor

RZ position closed out

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Subcribers should have closed out position on RZ with close below $15.00

We closed out our RZ position for NET DEBIT of $0.975

We closed out 5 contracts at NET DEBIT of $0.65 and 5 contracts at NET DEBIT $1.30 for an average cost of NET DEBIT $0.975.

The RZ bid and ask is very large, I would suggest for any subcriber whos did not close out his position today, to go between the bid and ask tomorrow as the spread is ridiculous the BID and ASK spread is a $0.70 spread. A fair bid would be a $1.00 offer to close, however if the specialist will not move the offer, you might have to close out for the higher spread.

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