But keep in mind that closing out an options position in a piecemeal fashion like this will incur additional transaction costs and impact potential returns.

FORBES: Don't Choke On This Options Strategy: The Strangle

Western Refining ( WNR - news - people ): The crude oil refiner popped up on our scanners this morning after one investor first took profits off the table by closing out a previously established long call position, and next extended bullish sentiment on Western Refining.

FORBES: Bulls Swing For The Fences With Priceline, Silver Wheaton

As I have discussed in the past I favor closing out part of any position when I can get a decent profit in a relatively short period of time.

FORBES: Mastering the Basics of Stop Placement

The 25-year-old did produce a better closing 100 metres to move back into fifth position but his time of 1:49.15 was never going to be enough to claim one of the two fastest loser berths.

BBC: McIlroy exits in Munich

Mr Sarkozy undertook a prolonged charm campaign to position himself as America's new best friend, rewriting the Gaullist rules and closing a chapter of bitter Franco-America relations.

ECONOMIST: France and America