[Closing Short Leg of Spread on Citigroup (C)]
Dear Member:
Hope you had a nice holiday weekend. Citigroup (C) has bounced a little this morning and that looks like a decent time for me to close the short leg of my spread on C. I am placing an order to buy to close the Jan 2010 30 calls (WRVAF) at a limit of $2.00. If filled, that will result in a profit of $0.70 per share on this leg. I am still long the Jan 2010 $20 calls.
DISCLOSURE: At the time of publication, I hold the referenced spread on Citigroup (C).
Sincerely,
Bill Kraft
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