[Entering Position in JP Morgan Chase (JPM) LEAPS Calls]
Dear Member:
Yesterday, JP Morgan Chase (JPM) had a breakout on high volume. It has stayed in the upper ranges of yesterday's gains today. I like the Jan '08 $45 LEAPS Calls (WJPAI) at a limit of $7.20 or better for the day. A close below $49 on the stock would give me reason to exit.
DISCLOSURE: At the time of publication, I do have a long position in the referenced calls.
Sincerely,
Bill Kraft
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