Transaction Updated in PLAIN VANILLA

AAPEI AAP May 2009 45 CALL Sell to Open 3 @ $1.15

During our Thursday webinar I was getting excited to potentially close the Panera Bread IM #1 for a LOW premium to really lower the maximum risk on the position…

But during the presentation she kept going up, so the closing cost was not what I wanted…and with only 9 days to April expiration, we might just wait to make an adjustment on the PNRA position later on next week.

BUT…thanks to the wonderful tools on PowerOptions, Mike Chupka was able to show me a good IM #1 opportunity on the AAP Plain Vanilla trade. With just a few clicks, he showed me that we could lower our risk on AAP today almost in half by selling the May 45 call. So here it is gang, a new IM #1 added to our virtual Plain Vanilla portfolio. Remember, since I am only using IM #1 I am not using real money on these trades, we are just showcasing how you can setup an initial RPM and how IM #1 can be applied against it. Hey, if I am putting my own money on the line I want to use all NINE Income Methods as I do in the Fission portfolio.

Hoppy, Hoppy Easter to all, and we’ll see about making further adjustments to our Plain Vanilla trades next week!!!

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