[Closing Short Leg of Citigroup (C) Spread]
Dear Member:
Citigroup (C) has dipped farther since I sold the Jan 40 calls (CAH) which now have some significant profit. I am now placing an order to buy to close the Jan 40 calls (CAH) at a limit of $0.40. If filled, that leg will have yielded a $1.18 a share profit before commissions in 15 days.
DISCLOSURE: At the time of publication, I have a short position in the referenced options and a long position in the Jan 45 calls.
Sincerely,
Bill Kraft
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