[Buying to Close Short Leg of Spread on Tech ETF (XLK)/Day Order/Limit $1.55]
Dear Member:
XLK has jumped and I would like to close the short leg of my spread. I am placing an order to buy to close the Jan '08 22 calls (WQDAV) at a limit of $1.55. If filled, that will result in a 20 cent a share profit before commission on that leg and I will still own the Jan '08 15 calls.
DISCLOSURE: At the time of publication, I am long the Jan '08 15 calls and short the Jan '08 22 calls on XLK.
Sincerely,
Bill Kraft
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