[Contingent Stop on Put Position on Taser International (TASR)]
Dear Member:
Taser (TASR) has been moving opposite market direction and has a little profit already. In order to attempt to protect profit in the currently declining market, I am placing a stop to buy to close my naked puts in the event the stock does turn down. The order is good 'til cancelled and is a buy to close the Sept 15 puts (QURUC) contingent on the stock price dipping below $15.95.
DISCLOSURE: At the time of publication, I am short naked puts on TASR.
Sincerely,
Bill Kraft
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