[Selling to Close Puts on Alcan Inccue Metal Group (AL)/Sell to Close Dec 50 Puts (ALXJ)/Day Order/Limit $5.80]
Dear Member:
The markets are trying a little rally and I have a profit in the puts I bought yesterday on Alcan (AL). I am going to try to take some profit by placing an order to sell the Dec 50 Puts (ALXJ) at a limit of $5.80. If filled, that will make 20 cents or about 3.6% in a day before commission.
DISCLOSURE: At the time of publication, I own Dec 50 puts on AL.
Sincerely,
Bill Kraft
|
