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Friday, February 3, 2012

Mastercard April $300 put

1/10/2012

sell to open 2 April 2012 $300 puts @ $6.70

Notes:
probability of expiring ITM: 23%

maintenance required: $7525 (12.54%)
earnings announcement: 2/2/2012 before Opening Bell

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2/3/2012

buy to close @ $0.90

Net gain: $1160 (15.41% return in 3 weeks!)

Initial investment amount: ZERO!!!!!

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