[Selling Calls to Create Spread on BBH/Selling to Open Oct 180 Calls (BBHJP)/Day Order/Limit $2.70]
Dear Member:
The Biotech Hldrs (BBH) have retreated a bit so I am going to create another diagonalized calendar spread by selling a shorter term call against my longer term position in order to further reduce risk in the long call position I already own and to bring in some income. I am placing an order to sell to open the Oct 180 calls (BBHJP) at a limit of $2.70 for the day.
DISCLOSURE: At the time of publication, I own the Jan 200 calls on BBH>
Sincerely,
Bill Kraft
|
