[Selling to Close Calls on Cardinal Health (CAH)/Selling Jun 70 Calls (CAHFN)/Day Order/Limit $4.20]
Dear Member:
Cardinal Health (CAH) has broken down through a trend support and a price support so I am going to take some profit in the Jun 70 calls (CAHFN). I bought the calls for $3.70 back in December and I am now placing a day order to sell them for $4.20.
DISCLOSURE: At the time of publication, I am long Jun 70 calls on CAH.
Sincerely,
Bill Kraft
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