[Rolling calls on EBAY/Simultaneously Buying to close Feb 90 calls (XBABR) and Selling to open Feb 85 calls (XBABQ)/Day order/Limit $0.45 credit]
Dear Member,
I own the '07 80 calls (OYIAP) on EBAY and last sold the Feb 90 calls (XBABR) as a spread (or covered calls) against that position for a 75 cent credit. I am now buying back those Feb 90's ($0.15 x $0.20) and selling the Feb 85 calls (XBABQ) ($0.60 x$0.70) for an additional credit of 45 cents. This move will be the third this expiration period that I have taken in credits against my LEAPS.
DISCLOSURE: At the time of publication, I own the Jan '07 80 calls and am short the Feb 90 calls on EBAY.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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