The LEAPS Option Trader
105 W. Monument Street
Baltimore, MD 21201
Tuesday, February 28, 2006
#305
** Sell Your Doral Options
Doral Financial (NYSE: DRL) came out with most of its restatement last night. As expected, the company wrote down some assets and reduced some of its past earnings.
The good news is that, as we expected, the company is in no danger of going out of business. However, our Doral options are too far out of the money for us to profit on this play, even with more than 10 months remaining.
Sell your Doral January 2007 $20 call options (OVL AD) today, and salvage what you can from this position – be sure to use limit orders.
Regards,
Karim Rahemtulla
Bio:
Karim Rahemtulla is the former Investment Director of The Oxford Club. The editor of The Smart Options E-Report, The Income Trader – A Covered Call Strategy and The LEAPS Option Trader, Karim is also a regular contributor to The Oxford Club Communiqué. His highly successful trading systems use covered calls and LEAPS to boost returns on blue chip stocks, and during the bear markets of 2000 and 2001, his picks outperformed the major market averages. Educated in England, Canada and the U.S. and fluent in several languages, Karim travels the world to find the best investment opportunities for our members.
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