[Selling covered calls against Yahoo(YHOO) LEAPS/Selling Jan 37.50 calls (YHQAU)/Limit $0.65 for the day]
Dear Members,
As you know, I own the Jan '06 35 LEAPS calls on YHOO. With those as the underlying, I am now placing an order to sell the Jan '05 37.50 calls (YHQAU) as covered calls for a limit of $0.65 for the day.
DISCLOSURE: At the time of publication, I own the Jan '06 35 calls on YHOO.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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