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If FXI tanks in the next three days, we will sell our puts at a profit. If nothing major happen after Alibaba’s report on Wednesday, we will allow the puts to expire worthless and pursue the upside to $23.50. If FXI closes above $23.50 on March 22, we would earn $1.20 per share on $22.30 per share at risk, or 5.38%. ....
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