[Moving contingent stop on Heinz (HNZ) LEAPS/Stop on Jan '06 35 calls (WHNAG) now contingent on stock less than $37.29]
Dear Member,
Heinz (HNZ) has made a nice move since I bought the Jan '06 35 calls (WHNAG) a couple of days ago. I am now attempting to lock in some profit in the position by moving my stop which was originally contingent upon the stock going below $36. Now my stop is being raised $1.29 so that I will sell contingent on the stock going below $37.29.
If the stock continues up, I will continue to move my stop up behind it. If it turns down, I will be stopped out and should have a decent profit at worst.
DISCLOSURE: At the time of publication, I own the Jan '06 35 calls (WHNAG) on Heinz (HNZ).
Sincerely,
Bill Kraft
CutLoss, Inc.
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