[Closing Anadarko Petroleum (APC) LEAPS Position]
Dear Member:
Anadarko Petroleum (APC)is now stalling near a resistance. I am placing an order to sell to close my Jan '08 $40 calls (YPCAH) at a limit of $8. If filled, this will result in an overall profit in the 5% range including the adjustments I made since inception. The Trade Table will reflect the final overall profit from these positions.
DISCLOSURE: At the time of publication, I own the referenced calls on APC.
Sincerely,
Bill Kraft
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