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Wednesday, October 13, 2010

YUM

Consider closing out the YUM calls - They are slightly above a dollar at this point with 2 days to expiration.  It is possible that the stock could go up more but it could as easily pull back until expiration.  You can minimize the loss at this point by exiting the call position in the strangle.  There will be no more updates on YUM. 

Update:  I closed out my calls at 1.05.

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