[Moving Contingent Stop Down on DuPont (DD) Puts/Stop to Sell Jan '06 47.50 Puts (DDMW) now Contingent on Stock going above $42.62]
Dear Member,
DuPont (DD) has continued to drop so I am protecting additional profit by moving my contingent stop down. The order now is to sell the Jan '06 47.50 Puts (DDMW) contingent on the stock going above $42.62. This trade has gone quite well so far and should be very profitable unless DD gaps way up which, of course, is unlikely.
DISCLOSURE: At the time of publication, I own the Jan '06 47.50 Puts on DD.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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