[Creating Spread with Biotech Hldrs (BBH)/Selling to Open Jun 180 Calls (BBHFP)/Day Order/Limit $1.60]
Dear Member:
As the markets and biotechs show some continuing weakness, I am placing an order to sell the Jun 180 calls (BBHFP)on a day order for a limit of $1.60. If filled, this move will create a diagonalized calendar spread against my Jan '07 200 calls, bring in some income and reduce the risk in the Jan 200's.
DISCLOSURE: At the time of publication, I own the Jan 200 calls on BBH.
Sincerely,
Bill Kraft
|
