[Stopped out of Heinz (HNZ) LEAPS/Sold Jan '06 35 calls (WHNAG) for $4.30]
Dear Member,
Shortly after the open this morning, my stop at $38.18 was hit and my Jan '06 35 LEAPS calls (WHNAG) on Heinz (HNZ) were sold for $4.30. This represents a 22.8% RETURN ON RISK in ONLY 12 DAYS! You will recall that this was a play entered on an expected run-up on earnings which did, in fact occur.
DISCLOSURE: At the time of publication, I have no longer have a position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
CutLoss, Inc.
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