[Moving Stop again on Chubb (CB) Jan 70 Puts (CBMN)/Contingent on stock exceeding $66.06 sell to close Jan 70 Puts (CBMN)]
Dear Member,
This position has been terrific for me. This morning, Chubb (CB)gapped down at the open. I am now endeavoring to lock in even more profit so my sell stop is now contingent on the stock exceeding $66.06. If the stock rises to that amount, I am selling my Jan 70 Puts (CBMN) to close my long position.
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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