[Creating Spread On Biotech ETF (BBH)/Selling to Open May 185 Calls (GBZEQ)/Day Order/Limit $1.80 ]
Dear Member:
With the Biotech ETF (BBH) continuing to drop, I am placing an order to sell the May 185 calls (GBZEQ) to create a spread against my existing LEAPS calls. The order is to sell GBZEQ at a limit of $1.80. If filled, it will bring in some income and further reduce the risk in my long LEAPS.
DISCLOSURE: At the time of publication, I own calls on BBH.
Sincerely,
Bill Kraft
|
