[Buying LEAPS Calls on Citigroup (C)/Buying to Open Jan '08 45 Calls (WRVAI)/Day Order/Limit $7.65]
Dear Member:
Citigroup (C) has been performing strongly and just broke above a pretty strong resistance today. I am placing an order to buy the Jan '08 45 Calls (WRVAI) which are about $5.65 in the money at a limit of $7.65. If filled, I would be paying about $2 for about 14 months of time premium.
DISCLOSURE: At the time of publication, I have no position in the referenced LEAPS or the underlying stock. I do have a brokerage account with a Citicorp subsidiary.
Sincerely,
Bill Kraft
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