[Stopped out on AMZN Jan '05 47.5 Puts (ZQNMW) @ $6.80 for 11% gain]
Dear Member,
I was stopped out of my Jan'05 $47.50 Puts(ZQNMW)when the stock hit $44.65. I sold the puts for $6.80 and made $0.70 a share profit (before commissions that totalled $25.93 for both sides)for a 11.5% gain in 3 days!!!
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
CutLoss, Inc.
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