[Placing Contingent Stop on Usec, Inc (USU) LEAPS]
Dear Member:
Usec, Inc (USU) has jumped today and is currently trading around $18.65. I already have a fair amount of profit in my Jan '09 15 LEAPS calls (OFYAC). I am placing an order to sell these calls contingent upon the stock price dipping below $18.35. In other words, my Jan '09 15 calls (OFYAC) will automatically be sold if the stock price goes below $18.35.
DISCLOSURE: At the time of publication, I own the referenced LEAPS calls.
Sincerely,
Bill Kraft
|
