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VALE Update

After hovering near $21 for the last few days this finally broke under $21 today which is at least a 2 year low. Was short 60 contracts DEC 21 Puts and didn't want to have to deal with it tomorrow, so rolled down to the Jan 20 Puts for $0.50 credit. Had taken in $1680 before on the DEC Puts, so in summary have so far collected premium of $4680 to hold these naked options which currently have a 39% probablity of expiring in the money.

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