Option Investor

USG Still Hanging on by a Thread

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We are still holding on to the USG position, but we are watching it closely.

USG - USG $46.83 Close 7-25-05
USG bounced off its $47 resistance again and closed around $46.83 on Monday. Still looking for USG to hopefully stall out here. We are holding current position looking for sideways action in the stock at this level, however, if we get a close above $47.50, we would look to close out the position for a NET DEBIT of $1.90 or $1.75 NET LOSS.

Keep a close eye on it or if you are risk adverse you could always get out now and take the small loss.

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