[Placing Contingent Stop on Nvidia (NVDA) LEAPS Calls]
Dear Member:
My play on the Nvidia (NVDA) Jan '09 30 LEAPS calls (OLIAF) has done quite well. As you know, I sold 1/2 my position last Thursday for a 9.5% realized gain before commission. I am now placing an order to sell the remainder of my position contingent upon the stock price of NVDA dropping below $36.79. As I write this alert, the stock price is $37.14.
Absent something really strange, this order should assure a nice profit on the remainder of my position as well.
DISCLOSURE: At the time of publication, I own the referenced LEAPS calls on NVDA.
Sincerely,
Bill Kraft
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