[Buying LEAPS calls on Sungard Data Systems (SDS)/Buying Jan '06 25 calls (YYKAE)/Day order/Limit $2.50]
Dear Member,
I am placing an order to buy Jan '06 $25 LEAPS calls (YYKAE) $2.30 x $2.65 on Sungard Data (SDS) for a day limit of $2.50. SDS has just broken above its' 40 day moving average and bounced off a long uptrend line. Delta is about 52 and my initial exit if it turns against me would be contingent on the stock going below $22.88. Stock is currently at $23.78.
DISCLOSURE: At the time of publication, I have no position in the underlying stock or referenced options.
Sincerely,
Bill Kraft
CutLoss, Inc.
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