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Telephone pasted; sold put spread at a quick profit — T

The news that A T & T issued disappointing guidance sent it gapping lower at the open this morning.

I didn’t waste any time closing out my put spread for a quick $900 profit. Woulda, coulda, shoulda: I might have done better with a Febraury $29-$28 put spread on Telephone. But I’m not complaining.

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