[Closing Position In Tesero (TSO) LEAPS Calls]
Dear Member:
It appears that Tesero (TSO) may be forming a double top so I am going to take my profit in the Jan '09 60 LEAPS calls (ZGCAL). I am placing an order to sell to close the position at a limit of $14.50. If filled, that will represent a per share gain of $0.83.
DISCLOSURE: At the time of publication, I am long the referenced LEAPS calls.
Sincerely,
Bill Krfat
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