[Closing Short Leg of Spread on SPY]
Dear Member:
With expiration on Friday, there is a good profit in the short leg of my spread on SPY. I am going to take the profit today and am placing an order to buy to close the Feb 137 calls ((SFBBG) at a limit of 31 cents. If filled, that will achieve a before commission gain of 66 cents a share on this leg.
DISCLOSURE: At the time of publication, I hold the referenced spread on SPY.
Sincerely,
Bill Kraft
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