[Closing LEAPS Calls on BBH]
Dear Member:
It looks like the Biotech Hldrs (BBH) may have hit the wall for the time being and I have a nice profit in the Jan '08 200 calls (YEEAT). I am closing the position by selling at a limit of $16.30. I bought them for $13.70 (I had rolled them from the '07s for a net debit of $11.70) so, on the individual transaction, it would be a profit of $2.60; based on the roll it would be a gain of $4.60.
DISCLOSURE: At the time of publication, I own BBH stock and have a collar position on BBH.
Sincerely,
Bill Kraft
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