[Stopped out of Put Leg on Harley Davidson (HDI) Straddle/Sold Feb 60 Put (HDINL) for $4.20]
Dear Member,
This morning Harley Davidson (HDI) exceeded $57.96 so the stop on my Feb 60 Puts (HDINL) was hit and the puts sold for $4.20. As I had suggested, the stock went near the support level, created a candlestick "hammer" and then bounced. I still own the other side of the straddle, the Feb 60 calls (HDIBL).
DISCLOSURE: At the time of publication, I am long the Feb 60 calls on Harley Davidson.
Sincerely,
Bill Kraft
CutLoss, Inc.
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