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Bought MEDX and wrote July strike 6 calls as a hedge.

|Includes: Medarex Inc. (MEDX)

Bought shares at 7.03, and wrote the calls at 1.20/contract for an inrinsic time value of .22/share.  I last sold shares at 7.47.  I will accumulate and write calls accordingly as i see fit.  This company has pretty definitive clinical trial results.