[Buying Puts on Chubb (CB)/Buying Jan $70 Puts (CBMN)/Limit $4.80]
Dear Member,
Chubb has turned down from a resistance level. I am placing a day order to buy the Jan 70 Puts (CBMN) at $4.80 or better. My initial exit is contingent upon the stock price exceeding $69.45.
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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