[Creating Spread on Micron (MU)/Selling to Open Jan '08 17.50 Calls (WGYAW)/Day Order/Limit $1.90]
Dear Member:
I own the Jan '08 10 calls and Micron (MU) is retreating a bit. That gives me the chance to sell some other calls to create a spread, reduce risk in the position and bring in some income.
I am placing an order to sell the Jan '08 17.50 calls (WGYAW) for a limit of $1.90.
DISCLOSURE: At the time of publication, I own the Jan '08 10 calls on MU.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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