[Adjusting Spread on Diamonds (DIA)/Buying to Close Jul 107 Calls (DIAGC)/Day Order/Limit $0.10]
Dear Member,
The Dow has turned up and I am going to close the short leg of my July bear call spread on the Diamonds. I am placing an order to buy to close the Jul 107 calls (DIAGC) for $0.10. If filled, this will result in an overall profit for the trade and I will still own the Jul 108 calls. I love this type of trade where I have realized an overall profit and still own a leg that provides the possibility of adding more gain.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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