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JLS

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JLS

Re: JLS post# 16516

Friday, 10/14/2016 12:25:16 PM

Friday, October 14, 2016 12:25:16 PM

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Sold FIT CCs,

Nov 4'16 $13.50. $0.86.

If assigned on that date, gain would be 7.3%.

Before making the sale I (obviously) looked at prices for the next three weeks (for the sake of deciding on the spacing between sales).

$13.50 strike sequence for next 3 weeks (several min after trade): 0.18, 0.32, 0.81.

See the huge jump in the last week, Nov 4? That is very unusual.

Reason: Earnings are scheduled for Nov 2.

Given that FIT beats earnings, I would bet that all those Calls at that strike (except for mine) were purchases.

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