[Moving Stop on Jan 70 Puts (CBMN) on Chubb (CB) again/Contingent on stock price of CB exceeding $66.97 sell Jan 70 Puts (CBMN) to close]
Dear Member,
Once again, I am attempting to lock in more profit on my Chubb (CB) Jan 70 Puts (CBMN) in which I currently have a nice unrealized gain. I am moving my stop to sell the Puts (CBMN) contingent on the price of Chubb (CB) stock exceeding $66.97. This position has worked quite well so far and I want to make sure I don't give back too much of the gain.
DISCLOSURE: At the time of publication, I remain long the Jan 70 Puts (CBMN) on Chubb (CB).
Sincerely,
Bill Kraft
CutLoss, Inc.
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