[Closing 1/2 LEAPS Position in Nvidia (NVDA)]
Dear Member:
After a good run, Nvidia (NVDA) is taking a little breather this morning. I am going to take profit on 1/2 my position and am placing an order to sell 1/2 my Jan '09 30 LEAPS calls (OLIAF) at a limit of $11.90. If filled, that will equal a realized gain before commission of $1.40 a share or 9.5% gain on the closed portion of the position.
DISCLOSURE: At the time of publication, I own the referenced LEAPS calls.
Sincerely,
Bill Kraft
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