[Selling Calls to Create Spread on Biotech Hldrs (BBH)/Selling to Open Jul 180 Calls (BBHGP)/Day Order/Limit $1.15]
Dear Member:
The Biotech Hldrs (BBH) have bounced down off the uptrend line so I am going to try to bring in a little cash and reduce risk in my long term call position by selling the Jul 180 calls (BBHGP) at a limit of $1.15.
DISCLOSURE: At the time of publication, I own Jan 200 calls on BBH.
Sincerely,
Bill Kraft
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