[Buying LEAPS Calls on Home Depot (HD)/Buying Jan '07 40 Calls (VHDAH)/Day Order/Limit $5.60]
Dear Member,
With the devastation created by Katrina, a lot of repair and rebuilding will be necessary. Home Depot (HD) has some fundamental reasons to rise. It has also just bounced up off a support. I am placing an order to buy the Jan '07 40 LEAPS calls (VHDAH) with the stock around 40.55. The delta is currently approximately .64 on these calls.
DISXLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerly,
Bill Kraft for
CutLoss, Inc.
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