[Placing Contingent Stop on Whole Food Markets Inc (WFMI) Puts/Contingent on WFMI Stock above 72 Sell May 80 Puts (FMQQP)]
Dear Member,
WFMI dropped again this morning thereby enhancing the value of my May 80 Puts (FMQQP). I have placed an order to sell those Puts contingent on the stock going above 72. There is quite a lot of profit in this position and the stock did go down to a support and then bounced so I want to protect a substantial portion of the profit.
DISCLOSURE: At the time of publication, I own the May 80 Puts on WFMI.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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