Sold July QQQQ 48 Calls

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June 29, 2007

With the market near even for the day I sold my July 48 calls for the same price I bought in 54 cents. With the MRVL position now profitable my account is climbing to new highs and I don’t want to jeopardize that with the out of the money calls. It might be a slight mistake as I see the market coming back right now. So I’m taking a loss, but its just from the commission.


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