Recaps on Two Trades

If it ain't broke, don't fix it. Verizon (VZ) and Philip Morris International (PM) both provided solid enough earnings reports to keep their stock prices well positioned for yesterday's earnings trades.

Philip Morris was a little slow-moving early this morning, but the stock has worked very well within the parameters set out yesterday. I have closed this position for an average sale of $0.52 on the call side of the equation, which was long 1x October $86 calls and short 3x October $87.50 calls. Currently, I still have the ratio put spread open. For a cost of $0.03 to $0.04, I could change it to a simple put spread, and I'll look to do that at $0.03 or less near today's close....272 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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