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JLS

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JLS

Re: None

Friday, 04/06/2018 10:51:24 AM

Friday, April 06, 2018 10:51:24 AM

Post# of 3801
I'm impressed!

I was expecting a lot worse this morning. My strategy seems to be a lot better than I thought. I'm impressed that MU is higher today on a red day for the rest of the market after yesterday's downgrade of MU by UBS followed by Cramer's ignorant remarks about a technology he has absolutely no understanding of.

Since I sold Puts on MU twice earlier this week, the fact that I had to close the last sale several minutes ago by buying back Puts resulted in a total loss for the week (instead of a gain) of only 0.49% of the total underlying asset value. Without all this drama yesterday I would have had a gain of 2.34% by the end of today.

So I'm going to continue with this strategy next week but I need the rest of today and the weekend to recover.
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