[Moving Stop on Lehman Bros (LEH) LEAPS/Stop to sell Jan '07 85 calls (VHEAQ) now contingent on stock below $88.79]
Dear Member,
Lehman Bros (LEH) has moved up since I entered the Jan '07 85 LEAPS calls (VHEAQ). I am now moving my stop to sell these LEAPS up to reduce risk in the position but still give it some breathing room. My stop to sell to close the Jan '07 85 calls is now contingent on the stock going below $88.79.
DISCLOSURE: At the time of publication, I own the Jan '07 85 LEAPS calls on LEH.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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