[Closing LEAPS on JP Morgan Chase (JPM)]
Dear Member:
JP Morgan Chase (JPM) has made a good move and now is retreating a bit. I am placing an order to sell to close my Jan '08 45 LEAPS calls (WJPAI) at a limit of $7.50 or better.As you will recall, I bought them a couple of days ago for $7.10 so this would be a 5.5% gain before commissions if filled.
DISCLOSURE: At the time of publication, I own the referenced LEAPS.
Sincerely,
Bill Kraft
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