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Option Writer Update

HAVING TROUBLE PRINTING?
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WFR - MEMC has become a thorn in our side. The company reported that they are only expecting $500 million versus $560 million. The stock is down about 5 points at around the 71 level. If you adjusted to the 70 Put and the 85 call, the pain isn't as bad. However, should the stock decline below 69 again let's cover the put and move on.


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