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December 19, 2014 at 10:46 am
#2342
Steven Place
Keymaster
Great move in EBAY, but we have an issue because the stock is extended and we have Jan calls. If the stock pulls back (which is still bullish) we lose out from delta losses as well as premium getting sucked out.
Sell to close second half EBAY calls at 2.90
If EBAY reverts to the mean, I’ll look to rebuy some calls, this time in February.