[Revising Jan'07 Order to Buy Back BBH LEAPS/Cancel Order to Buy Jan '7 220 Calls (VEAAD) at 7.90 and Enter New Order to Buy VEAAD at 8.30?Day Order]
Dear Member,
BBH is making a strong move up at the moment and I want to be out of the short Jan '07 220 calls VEAAD so I am cancelling the previous order and placing an order to buy to close the Jan '07 220 calls for $8.30. If filled, this will result in a realized gain of $1.80 a share or a little over 16% before commission. I hate to chase a trade, but I want to capture some profit on this leg and let the long leg run.
DISCLOSURE: At the time of publication I am long the Jan '07 200 calls and short the 220 calls on BBH/
Sincerely,
Bill Kraft for
CutLoss, Inc.
|
