[Closing Remainder of Shanda Interactive Entertainment (SNDA) LEAPS]
Dear Member:
Shanda Interactive Entertainment (SNDA) has made a strong run and looks as though it may be ready for a breather. I closed 1/2 my position yesterday and am now placing an order to sell to close my Jan 2010 30 LEAPS calls (WWUAF) at a limit of $16. If filled, I will have made 60 cents a share yesterday and an additional $1 a share on the remainder today.
DISCLOSURE: At the time of publication, I own the referenced LEAPS calls.
Sincerely,
Bill Kraft
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