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Strategies & Market Trends : LPL -- leader in World's TV Industry

LPL 4.995

-0.3%

9:30 AM EST

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To: Cooters who wrote (22)	12/21/2020 2:42:55 PM
From: chessboard_andy	Read Replies (2) of 76

$0.51 was an exceptional execution. I think there was a $0.60 ask within minutes of that block selling. I picked up contracts this morning split between $0.5 and $0.59. I hope we don't crowd the exit on this trade, but we paid so little over par that any premium lost will be trivial. (Assuming the shares give us soundly profitable exit points.) I kept putting in market orders yesterday that kept executing at pennies over par, so I am very overweight that contract with a $0.67 average basis. I'm definitely done buying January. Probably done in February, April and July too unless one specific scenario develops. The magic scenario would be a large volume day with the market down and LGD holds $7.61 followed by 1-2 lower volume days above $7.65 and below $7.80. (Above that level, I feel like my holding is plenty large; below that level, and I'm reassessing the current holding.) Best of luck, Andy

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