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[Addendum to Weekend Summary]

Dear Member,

I also wanted to mention that the put calendar spread on AZN in which I sold the Sept 45 puts (AZNUI) and bought the Jan 45 puts (AZNMI) based on a volatility skew is still doing well. The trade as I entered it has breakevens of $48.17 and $42.85. As long as the stock stays between those prices at expiration, the trade should make money.

Sincerely,
Bill

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