[Closing Short Leg of Citigroup (C) Spread]
Dear Member:
It looks as though Citigroup (C) has hit at least a temporary support and I have profit in the short leg of my spread. I am placing an order to close the short leg, as follows: buy to close Jan 37.50 calls(CAU)at a limit of $0.25. If filled, that will result in a $0.22 a share gain on that leg before commissions.
DISCLOSURE: I currently am long the Jan 45 calls and short the Jan 37.50 calls on C.
Sincerely,
Bill Kraft
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