[Closing Dec '08 135 Calls on SPY]
Dear Member:
The markets are falling this morning and I would like to realize some of the gain in my Dec '08 135 LEAPS calls (CYYLE) on SPY so I am placing an order to sell to close my position at a limit of $18.10. If filled, this will result in a gain of 80 cents a share or almost 5%.
DISCLOSURE: At the time of publication,I own calls on SPY.
Sincerely,
Bill Kraft
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