We have profits to take this morning as Bed Bath & Beyond (BBBY, $54.72, down $5.56) has dropped below double-nickels. Support was at $57 but that failed to hold after shares opened at $57.02 this morning.
The January put options we are in are up over 150% so let’s go ring the register on half. We will play with the house’s money and leave the other half open with a stop.
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