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R/I Will most likely take us below $5 and rather then selling for a loss now, I wrote $5 Jan calls which I will buy back after new shares will flood the market. I will also get cash compensation just like we got in Jun.. LYG is guaranteed to stay below $6 before the R/I , and the only thing that I regret, is buying shares in $7 area..If I knew R/I is coming, I would never touch this stock..This is the only descent exit strategy, rather than taking a loss...
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Sell Jan $5 covered call and make money
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olgaf25
Online Now
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Not rated | 27-Oct-09 12:08 pm | ||
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Read this and make a right decision
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questrade.d... | Rate it | 31-Oct-09 10:04 pm | ||
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Good morning Olga ,
You seem to...
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derekbiznes... | Rate it | 5-Nov-09 11:56 am | ||
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"LYG is guaranteed to stay below $6 before the R/I...
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federicomam... | Rate it | 17-Nov-09 09:19 am |
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