[Opening Diagonalized Calendar Spread on Smith & Wesson (SWHC)]
Dear Member:
Smith & Wesson (SWHC) has announced record earnings and the stock looks strong. I am placing an order to open a diagonalized calendar spread by simultaneously buying the in the money Jan '09 12.50 LEAPS calls (ZUKAV) and selling the Dec 17.50 calls (UWJLW) for a net debit (before commission) of $4.25.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
|
