[Buying Puts on Mbna (KRB)/Buying June 27.50 Puts (KRBRY)/Day Order Limit $2.20]
Dear Member,
I am placing an order to buy the June 27.50 Puts(KRBRY) on Mbna Corp (KRB)at a limit of $2.20 for the day. The stock has just come off a triple top resistance. My initial stop will be contingent on the stock going above $27.64. The delta is approximately -.49.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
CutLoss, Inc.
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