[Selling to Close Puts on Morgan Stanley (MS)/Selling to Close Jul 60 Puts (MSSL)/Day Order/Limit $3.00]
Dear Member:
Morgan Stnaley (MS) has had a good slide and now is at least hesitating in its' downward move at a support. I am going to try to sell my Jul 60 Puts (MSSL) at a limit of $3 for the day. If filled, that will close out the put leg of my original straddle at a modest profit.
DISCLOSURE: At the time of publication, I own the Jul 60 puts on MS.
Sincerely,
Bill Kraft
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