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My greatest difficulty is hanging on to a winner. I went long ELX at 17.80 and under normal circumstances, I would have dumped it at about 19.00. Locking-in profits with the puts keeps me in the position.
This definitely is a volatility position. I believe that over the next year we will see ELX down in the low teens, and up around 30. The more it does this, the happier I am.
Cheer,
kp