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[Closing Put Position on Formfactor (FORM)]

Dear Member:

Although the markets in general are becoming more tentative, Formfactor (FORM) is heading up -- the wrong direction form my puts. I am therefore selling to close my Jul 45 puts (AFUSI) at a limit of $3.80. If filled, this will result in a loss of $1.10.

Sincerely,
Bill Kraft

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