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Friday, October 15, 2010

New position in RIG

Opening a new position in RIG (Transocean) Nov 70 call options  (currently bid at 1.71 and 1.74 ask).  Yes, there are the same options I bought earlier in the week for 1.48 and sold for 2.50.  Even though the stock is at a potential resistance point, I think its worth making a play here, so I am going to take the plunge. 
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