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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Melissa McAuliffe who wrote (197)	9/22/1997 3:19:00 PM
From: Robert Graham	of 206

So your strike price was at 10. I certainly would cover them now. This would lock in a gross profit of 11/16. Not bad profit considering the situation! I would then sell the stock at 7 1/2, or wait until it moves up further before writing another round of options. You made a good point in that this option would not trade when the stock moved down and hit 6 1/2. I was not aware that your option hit 1/16. Bob Graham

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