[Buying to Close Short Calls on BBH/Buying to Close Jan '07 220 Calls (VEAAD)/Day Order/Limit $7.90]
Dear Member:
It appears that BBH may be reversing up so I am closing the Jan '07 220 calls (VEAAD)to capture a profit of $2.20 a share on this leg of the spread currently in place. My order is buy to close the Jan '07 220 calls (VEAAD) at a limit of $7.90. Day order. If filled, that's about a 21% realized gain on this leg before commissions.
DISCLOSURE: At the time of publication, I am long the Jan '07 200 calls and short the Jan '07 220 calls on BBh.
Sincerely
Bill Kraft for
CutLoss, Inc.
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