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Re: cbuzz247 post# 53515

Thursday, 07/05/2007 1:48:47 PM

Thursday, July 05, 2007 1:48:47 PM

Post# of 143047
OT:Yes, you bought to open the contract. If you do not wish to take delivery of the shares (assuming the contract is in the money by the expiration date) then you would sell to close the position hopefully with a premium higher than you paid.

All in my own Opinion, Not a Recommendation!!! But let's try to make some money!