[Closing Position in Safeway (SWY) Puts]
Dear Member:
Safeway (SWY) has dropped to a support and not broken through so I am going to place an order to sell to close my March 35 puts (SWYOG) at a limit of $4.90. If filled, that will result in a before commission return of 6.5%.
DISCLOSURE: At the time of publication, I own the referenced puts on SWY.
Sincerely,
Bill Kraft
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