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Portfolio #3: ALERT We are placing a Good til canceled BUY STOP order on the KBH August 18 call to close.

We are placing a BUY STOP on the KBH August 18 Call at a $0.76 DEBIT

If the BUY STOP PRICE is triggered we will be stopped out of the KBH 18 Call and then sell our KBH 19 Call at the Market.

However, if the KBH August 18 Call BUY STOP PRICE is not triggered we will continue to hold the position.