[Closing Short Leg of Citigroup (C) Spread]
Dear Member:
Citigroup (C) is up along with some of the other financials this morning. I am now going to try to take profit in the short leg of my spread by placing an order to buy to close the Jan '09 25 calls at a limit of $1.15. If filled, that will have yielded a 24 cent a share gain on that leg in 8 days.
DISCLOSURE: At the time of publication, I am long the Jan '10 20 calls and short the Jan '09 25 calls.
Sincerely,
Bill Kraft
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