Option Investor

HOLDING AMR and CAL next at least MONDAY

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We are going to HOLD both AMR and CAL ( our airline puts)
until at least Monday. The airlines have been hit hard.

AMR is most likely to close under $20, but we will still hole until at least Monday
and hope for some premium erosion.

CAL might also close under $22.50 as well. It looks a little stronger and the premiums
to close out are a little smaller.

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