Thursday, July 5, 2007

Update PEIX ADM

I sold the remainder of my July $12.50 PEIX call options at $2.05 for a 215% gain today. I also bought more July $35.00 ADM call options for $.40 and $.45. ADM looks poised for yet another move higher. Apparently someone wanted those July $35.00 ADM call options today as 13,995 contracts exchanged hands. Stay tuned.

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