[Buying LEAPS Calls on Sirius Satellite Radio (SIRI)/Buying Jan '08 2.50 Calls (YFWAZ)/Day Order/Limit $3.10]
Dear Member:
Sirius Satellite Radio (SIRI) looks like it may have turned a corner. The stock is trading at $5.03 at the moment and the Jan '08 2.50 calls (YFWAZ) are $3 x $3.10. I am placing a limit order to buy those options at $3.10 or better for the day. The delta on these calls is around .90.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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