Action to Take

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The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201

Friday, June 30, 2006

Email – #144

Action To Take:

We’ve hit our trailing stop on the McAfee (NYSE: MFE) put contracts. Sell the August $22.50 put (MFE TX).

Elsewhere, sell the Cabot Microelectronics (Nasdaq: CCMP) August $30 calls (UKR HF), currently trading at $2.

Good trading,

Steve

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