[Contingent Order to Sell Telefonos de Mexico (TMX) LEAPS/Contingent upon TMX Below $23 Sell to Close Jan '08 20 Calls (WTEAD)]
Dear Member:
Telefonos de Mexico (TMX) is approaching what appears to be a fairly strong resistance around $23.50, and the stock has made a good move since I bought my Jan '08 20 calls (WTEAD). In order to try to protect some pretty decent profits, I am placing an order to sell the Jan '08 20 calls contingent upon the stock going below $23. This order will be good 'til cancelled.
I entered this play 8 days ago, and the option bid at the moment is up 20% since my entry.
DISCLOSURE: At the time of publication, I own the Jan '08 20 calls on TMX.
Sincerely,
Bill Kraft
|
