[Placing Contingent Stop on Salesforce.com (CRM) Puts]
Dear Member:
The May 50 puts (CRMQJ) have on Salesforce.com (CRM) added a lot of value as the stock gapped down this morning. I am placing a stop to sell the puts if the stock price hits $50.10 which should preserve profit in the event the price move reverses.
DISCLOSURE: At the time of publication, I own the referenced puts.
Sincerely,
Bill Kraft
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