[Moving Stop on Chubb (CB) Jan 70 Puts (CBMN)/Contingent on stock exceeding $67.63 sell Jan 70 Puts (CBMN)]
Dear Member,
Since Chubb (CB) is at least pausing in its downward move, I continue to attempt to capture additional profit so I am moving my stop down. Now, my stop to sell the Jan 70 Puts(CBMN)is contingent on the stock exceeding $67.63. This is only a $0.22 move, but the stock is meeting some support at $67 and may be getting ready to turn so I want to hang on to as much profit as possible.
DISCLOSURE: At the time of publication, I am long the referenced Jan 70 Puts (CBMN) on Chubb (CB).
Sincerely,
Bill Kraft
CutLoss, Inc.
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