[Closing Short Leg of Spread on Sirius Satellite Radio (SIRI)]
Dear Member:
Sirius Satellite Radio (SIRI) has dipped to support, making my short position in the Jan '09 $5 calls profitable. I am placing an order to try to realize that profit. The order is to buy to close the Jan '09 5 calls (OAJAA) at a limit of $0.15.
DISCLOSURE: At the time of publication, I am long the '09 2.50 calls on SIRI and short the '09 5 calls.
Sincerely,
Bill Kraft
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