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Unofficial Trade Update

Unofficial Trade Update

Hello Smart Option Sellers! Qualcomm (QCOM) Well, not too much excitement with QCOM's earnings, unfortunately. Apparently, its litigations with Apple (AAPL) and Blackberry (BBRY) had no effect on their earnings numbers and the street actually liked what they saw in the results. QCOM stock is up a measly $.80 per share in the pre-market as I type. It barely budged. If you got involved with this play and bought the calls and puts that were around the $5 radius of yesterday's stock price, you will most likely see all those values evaporate to zero today. Sometimes quick and painful (like pulling off a band-aid) is better than a slow bleed. The consolation here is that we focused on cheap options that didn't require a huge outlay of cash. This allows you to keep trying on future opportunities. Don't let it frustrate you. The play was taken under all the right conditions. The stock had a history of large moves, the correct strike prices were picked that fell within the correct range, and small amounts of money was spent. That's the perfect combo. Unfortunately, the stock just didn't cooperate. Thus is the perils of buying options. At this point, you still have today and tomorrow for QCOM stock to possibly follow-through on its current move and maybe break out $5 higher in these next two trading sessions. If that's the case, you may have an opportunity to turn a small profit. Continue to hold your positions. If nothing materializes by tomorrow's close, the options will just expire worthless and disappear from your account. No other action will be necessary on your part. If I see any movement that's worthy of your attention, I will send another update. That's all for now. You can always contact us here. Regards, Lee Let's Grab That Cash!


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