[Selling to Close LEAPS on EBAY/Sell to Close Jan '07 40 Calls (OYIAJ)/Day Order/Limit $6.60]
Dear Member:
I've been in EBAY for quite some time and have made a number of adjustments, but just can't seem to get a good run for a profit so I am placing an order to sell to close my Jan '07 40 calls at a limit of $6.60.With little more than 9 months to expiration, time will begin to run more sharply against me. If filled, after all the adjustments, this trade is an essential wash -- no gain, no loss. One of those 'kiss my sister' trades.
DISCLOSURE: At the time of publication, I am long the Jan '07 40 calls on EBAY.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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