Thursday, December 17, 2009

Closed VALE -5.9% (-27.4% on the options)

I've closed my bull call spread (p30/-p31) on VALE at 27.49 on the stock for a 0.85 debit on the options.

The stock was down by 5.9%, and the loss on the options was 27.4%, on a position lasting three calendar days.

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