Option Investor

March Option Writer Risk Management

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TIF - Tiffany's is battling the trend so far this month. It is up a little on the day and has been holding steady over the last few weeks. I was concidering closing the position and creating more cash but the list of candidates is thin right now. The chart below shows the two P/L lines: white for today and green for expiration. The position gets to the P/L loss price at around $34.20.

STRIKE Stop is @ $35

Cost basis Stop is @ $34

Technical Stop is @ 36.33 (see below)

I would love to see the stock break above and close above the 50 DMA at 39.88. Let's keep this position for now.

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