[Closing LEAPS Call Position in Usec, Inc. (USU)]
Dear Member:
Usec, Inc. (USU) is showing signs that the rocket may be pausing. I am placing an order to take my profit on the Jan '09 15 calls (OFYAC). I am placing an order to sell to close the Jan '09 15 calls at the market. That looks like it should yield $6.60. If that is the fill, I will have made $1.20 a share or 22% before commissions in 3 business days.
DISCLOSURE: At the time of publication, I own the referenced LEAPS calls.
Sincerely,
Bill Kraft
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