I liquidated my 370 shares of SHLD for tax purposes. I used the capital to buy 10 contracts of Jan 2011 SHLD 15.00 calls. I purchased the contracts last week for $21.70 per contract. The value of LEAPS have since risen to $31.00.

I currently indirectly own 1600 shares of SHLD through options and LEAPs.

(2) Jan 2010 $ 60 Calls
(4) Jan 2010 $ 80 Calls
(10) Jan 2011 $15 Calls

This entry was posted on Saturday, December 6th, 2008 at 9:17 pm and is filed under Sears Holdings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.