[Selling Diamonds (DIA) Calls/Selling to Close JUL 111 Calls (DIAGG)/GTC/Limit $0.05]
Dear Member:
Yesterday, I sent an alert that I was closing the short leg (Jul 110 calls)of my spread on DIA at a limit of $0.10. I was lucky and got filled on that buy back for a nickle. That means I was up $0.40 or 72.7% on the trade overall before commissions. I now have the chance to sell the Jul 111 calls for $0.05 and add to my profit. If filled, I will have kept the 45 cent credit with which I started and will have realized an 81.8% return on risk in 6 weeks!!!
I am placing an order to sell my Jul 111 calls (DIAGG) at a limit of 5 cents, good 'til cancelled.
DISCLOSURE: At the time of publication, I own Jul 111 calls on DIA.
Sincerely,
Bill Kraft
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