Hello Instant Money Traders.

Home Depot (HD)

Great job people. We locked in another profitable trade.

Everyone should be filled at $.06 on the buy-back order we placed yesterday on the HD May 2010 $22.00 put options as a closing transaction (buy-to-close).

As mentioned, we originally sold this option to start the position at $.25 per contract. Buying it back for $.06 per contract locked in a profit of $190 (on 10 contracts) and a return on initial margin of 5.4%.

Currently, these options are still offered at $.06, so if you haven’t placed your trade yet, you can certainly still receive a fill.

We love hearing your feedback. Keep sending them to editor@whitecapresearch.com .

Regards,

Lee Lowell

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Current Portfolio:

HD May ’10 $22 put
Opened 01/11/10 – sold put for $.25
Current Price: $.06
Current Stock Price: $32.42
Status: Officially closed. Bought option back for $.06 per contract

VZ Jul ’10 $25.00 put
Opened 02/02/10 – sold put for $.53
Current Price: $.22
Current Stock Price: $30.22
Status: Ok to sell new trades at $.50 per contract or higher