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Porgie Tirebiter

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Porgie Tirebiter

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Re: oilin07 post# 2718

Thursday, 08/22/2013 1:38:21 PM

Thursday, August 22, 2013 1:38:21 PM

Post# of 11961
GE is trading well within it's recent ranges. $24.95 on July 19 was actually kind of a whacked out number.

Now, GE did dip below the 50 day MA a few days ago but, one could argue that the 50 day was distorted upward by July 19th.

Don't worry about the share price. Sell calls instead. I sold August 25s after earnings and pocketed the cash. I covered Friday's 24s yesterday and sold next Friday's 24s.

TD Ameritrade let's you cover options under a nickel without commission. That is a seriously, good deal.

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