[Buying LEAPS Calls on Sanmina (SANM)/Buying Jan '09 $5 Calls (ONSAA)/Day Order/Limit $0.90]
Dear Member:
I have been watching one time high flyer Sanmina (SANM). It has moved up along a trend line and has a gap to fill. Since this is still a very cheap stock, I consider it a high risk play, but the time premium on the Jan '09 LEAPS calls is fairly inexpensive. I am going to place an order to take a small position in the Jan '09 5 calls (ONSAA)at a limit of 90 cents and see what happens.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
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