[Placing contingent stop on Nextel (NXTL) Calls/Sell to Close Aug 30 Calls (FQCHF)/Contingent upon NXTL stock below $30.44]
Dear Member,
I am placing a stop order to sell the Aug 30 calls (FQCHF) on Nextel (NXTL) contingent upon NXTL stock going below $30.44. The stock has run up steeply and a retracement would not surprise me. I would like to exit before any retracement takes too much back from me.
DISCLOSURE: At the time of publication, I own the Aug 30 calls on NXTL.
Sincerely,
Bill Kraft for
CutLos, Inc.
|
