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Option Writer Update

HAVING TROUBLE PRINTING?
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MDR - McDermott International appears to be losing momentum. Let's try to hedge the put position (still trading near $0.20) and sell the May 65 calls against the existing puts. We should try to get about $0.90 per contract.

Resistance is at $61.6. The stock is still in an uptrend so we are selling as far out of the money as possible. Good trading.


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