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[Order not filled/Buying Jan '06 $17.50 LEAPS calls (WVRAW) on Providian (PVN/Order not filled]

Dear Member,

The market maker was a little tight today. The bid on the Jan '06 17.50 calls (WVRAW) was $1.20 and the ask 1.35 when I placed my order at a limit of $1.30. I was trying to get a five cent discount (1/3 of the difference between bid and ask), but no luck. Well, I'll just have to see what tomorrow brings.

DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.

Sincerely,
Bill Kraft for
CutLoss, Inc.

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