The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Thursday, August 31, 2006
Email – #175
**Close Out Limited Brands
Action to take:
This morning, Limited Brands (NYSE: LTD) reported August same store sales with a gain of 9%. Consumers seem amazingly resilient to high prices at the pump. Though the stock has been declining since the gap open this morning, the best course of action is to close the November $25 put (LTD-WE) at market or buy to cover if you sold short the shares.
Mark Whistler
If you have any questions, feel free to call one of our VIP Trading Services representatives at 888.570.9830 (toll-free) or e-mail: viptrader@oxfordclub.com, or contact Pillar One Advisors Ron McCoy, Gunn Allen at 800.720.6576 or Neil Fern, RMB Group at 800.831.3114.
