[Stopped out of Jan 75 Puts (KBHMO)on KBH/Sold Jan 75 Puts (KBHMO) for $8.50]
Dear Member,
My contingent stop on KBH was hit and my Jan 75 Puts (KBHMO) were sold for $8.50. My original limit order was filled for $7.60 so I made 90 cents a share before commissions. That is a return of 11.8% in a couple of hours! This trade did go much faster than most, and I suspect there may be a reentry possibility sometime in the not too distant future.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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