Option Purchase to Open LESSK

Just after our limit order to sell LESSD was automatically filled, we looked again at the LEH technicals. What we see here seems to be heavy institutional selling of this stock. Note the significant increase in volume as the price has dropped since the end of April. It has broken through resistance levels, it is in a down-trending industry during a generally bearish market. The fundamentals are poor/mediocre. We believe this stock still has some ways to go. We purchased the next lower strike price of $55 for $1.20.

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