[Moving Stop Loss Order/UNH Puts/Contingent on UNH at or above $64.40 sell UHBXN to close]
Dear Member:
UNH had a nice down day yesterday and a gap down on the opening this morning. Now I'm moving my stop to a contingent order with OptionsXpress. I now have an order to sell the UNH puts (UHBXN) contingent on the stock touching or exceeding $64.40. This move will lock in most of the current profit unless there is some unexpected gap up.
DISCLOSURE: At the time of publication, I am long the referenced puts on UNH (UHBXN).
Sincerely,
Bill Kraft
CutLoss, Inc.
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