[Adjusting Harley Davidson (HDI) Straddle/Contingent on stock going above $57.96 sell to close Feb 60 Puts (HDINL)/Contingent Order Good 'til Cancelled]
Dear Member,
Harley Davidson (HDI) has dropped near a support and, at the moment, is showing a doji cross candlestick which may foretell a reversal up from the support area. I am, therefore, placing a stop contingent on the stock price on the Feb 60 Puts (HDINL). I am placing an order to sell the Feb 60 Puts (HDINL) contingent on the stock going above $57.96. If hit, the stock would be going back up and I would be taken out of the puts and left in the call side of the straddle.
DISCLOSURE: At the time of publication, I own the Feb 60 straddle (both puts and calls) on Harley Davidson (HDI).
Sincerely,
Bill Kraft
CutLoss, Inc.
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