[Entering LEAPS Call Position in Taser International (TASR)]
Dear Member:
Taser International (TASR)passed above a little resistance around $16 yesterday on relatively strong volume after some positive news concerning the dismissal of some lawsuits. The Jan '09 15 calls (ZCUAC)are about $1.60 in the money and have a delta around .72. I am placing an order to buy those '09 15 calls (ZCUAC) at a limit of $5.70. They are currently quoted at $5.50 x $5.80.
DISCLOSURE: At the time of publication, I have no position in the referenced LEAPS or the underlying stock.
Sincerely,
Bill Kraft
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