Friday, November 04, 2005

Quick Update

Well, I'm up early today. Going to head out to breakfast first, then I'll be off to the airport. But, just a few minutes ago I sold the November 42.50 calls on two-thirds of the EBAY position for 0.70 a contract. This further reduces the EBAY cost basis by 47 cents, which brings us to a final basis of 37.11. However, the covered portion of the position has its upside limited at 42.50. Two weeks to expiration. Ok, I'm outta here.

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