[Creating Spread on Biotech Hldrs ETF (BBH)/Selling to Open Jul 180 Calls (BBHGP)/Day Order/Limit $1.85]
Dear Member:
I am going to create a spread by selling the Jul 180 calls (BBHGP) at $1.85 or better for the day. I already own the Jan 200 calls so I will reduce the risk in that position and bring in some income if this order is filled.
DISCLOSURE: At the time of publication, I own the Jan '07 200 calls on BBH.
Sincerely,
Bill Kraft
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