[Rolling Biotech Position Out]
Dear Member:
The Biotech Hldrs (BBH) have retreated to the uptrend line and bounced up so I think now is as good a time as any to roll out my Jan '07 200 calls (BGZAT) out to Jan '08. I am placing an order to sell to close the Jan '07 200 calls (BGZAT) and to buy to open the Jan '08 200 calls (YEEAT) on BBH for a net debit of $11.70.
DISCLOSURE: At the time of publications, I own BBH options and stock.
Sincerely,
Bill Kraft
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