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November 21, 2009
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Close Phase Forward (PFWD)
January 21, 2009Sell to close the PFWD Feb 15 Calls (UTOBC) for 5 cents or more
Dear Fellow Options Traders,
On Jan. 21, we recommended buying the Phase Forward (PFWD) Feb 15 Calls (UTOBC) for $1.30 or better. The company reported solid earnings and the stock has held up reasonably well. All of the option activity that caused us to open this position is still in place. Unfortunately, the clock has run out of time in a big down market.
There is currently a 5-cent bid for these options. While this bid is there, we recommend closing our position in the PFWD Feb 15 Calls (UTOBC) for 5 cents or more.
Have a great day trading.
Nick Atkeson and Andrew Houghton
Editors
Options Trader
