[Closing LEAPS Calls Position on XLK]
Dear Member:
The markets are falling this morning, and I am going to take profit on my Jan '08 15 calls on XLK. I am placing an order to sell to close the Jan '08 15 calls (WQDAO) at a limit of $9.00. If filled , this will result in a before commission gain of 8.4%
DISCLOSURE: At the time of publication, I am long Jan '08 15 calls on XLK.
Sincerely,
Bill Kraft
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