[Opening Position in Shanda Interactive Ent (SNDA) LEAPS]
Dear Member:
Shanda Interactive Entertainment Ltd (SNDA) has broken into new high ground for the year. I am placing an order to buy to open the Jan '10 30 calls (WWUAF) at a limit of $15.00. These calls are about $6.50 in the money and currently have a delta around .78.
DISCLOSURE: At the time of publication, I have no position in the referenced calls or the underlying stock or any of its options.
Sincerely,
Bill Kraft
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