Daily Murmur 17/02/11

by Gary Glover

OST looks pretty positive at the moment.  A bullish breakout of the downtrend suggest higher levels are likely.  A safer trade for the options traders might be to sell a Mar 3.00 Put for around 18c.  This equates to a yield over 6% if it closes above 3.00 at the end of march and if not you get an effective entry at $2.82 which is well below the current price of $2.93.

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