[Closing Put Position in Rambus (RMBS)]
Dear Member:
After opening with a big dip along with the market, Rambus (RMBS) is bouncing and it looks like a good time to take profits by selling to close my May 17.50 puts (BNQQW). I am placing a limit order to sell for $3.60 a share or better. If filled, that will represent a 9% return on risk before commission in less than a week.
DISCLOSURE: At the time of publication, I own the referenced puts.
Sincerely,
Bill Kraft
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