[Contingent Stop on Pulte (PHM) Puts/Contingent on stock price greater than $45.26 Sell to Close Jan 42.50 Puts (PHMMO]
Dear Member,
Pulte (PHM) has bounced up and I am in a bearish position. The stock is near a minor resistance, and I want to exit my position if it breaks above that level. I am placing a contingent stop order to sell my Jan 42.50 Puts (PHMMO). The order is to sell the puts if the stock price goes above 45.26.
DISCLOSURE: At the time of publication, I own the Jan 42.50 puts on PHM.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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