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S&P 500: 1,317.11 Change: -0.21%
DiviMo
P&P Score: 4.54   Points: -40.46   Accuracy: 59.17%   Average Pick Score: -0.45   Annual Return: -11.12% (-11.30% since 5/20/11)  

DiviMo's Blog : DiviMO: Visa ends up a winner

Date June 29, 2011    Comments Comments (1)    Rate this post Recommend This Post (43)   
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Visa (V) stock was halted today. Now back available for trading , Visa (V)  is up 11 points intra-day  to around 85. A favorable ruling from the fed on cap on debit card charges announced  today.


 In my case, I continue to be batting 100% correct on my naked put sells. (see June 24 blog post on this trade). My put strike is 67.50 and the premium for those wanting to buy is one cent. Hence it will expire on Friday and I'll go on to the next cash-secured naked put play.


 

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Author DiviMo     Date June 29, 2011 16:10 Abuse this post Report Abuse
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With $6,500 cash-secured being released Friday on the expiration of Visa July1 Puts, I plan on moving forward to the next income generating play. I'll post my next moves before tomorrow's opening.
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