[Buying to Close Jul 180 Calls (BBHGP) on Biotech Hldrs (BBH)/Day Order/Limit $0.30]
Dear Member:
Two days ago, I sold the Jul 180 calls (BBHGP) on BBH as it began to fall. I now have the opportunity to buy them back to close the position for a very nice profit on that leg of more than 70 cents a share. I am placing an order to buy to close the Jul 180 calls (BBHGP) at a limit of $0.30 for the day.
DISCLOSURE: At the time of publication, I am long the Jan 200 calls and short the Jul 180 calls on BBH.
Sincerely,
Bill Kraft
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