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Strategies & Market Trends : Calls and Puts for Income

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From: Jim P.10/20/2016 2:49:53 PM
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Sold short Nov 70 puts on ACIA for $2.45. The industry is very fast growing and ACIA has preannounced earnings and closed on a follow up offering at $100 share. The earnings estimate put out by the company are for between 83 and 90 cents a share for the quarter. If shares are put to me at $70 then I think the entry price is attractive.
jim
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