Add TCK August Calls

By Bryan Bottarelli
Friday, February 22, 2008 4:07 PM EST
Fri, 22 Feb 2008 21:07:00 GMT

Teck Cominco (TCK – NYSE) is major producer of many precious metals, most importantlycoal. As of late, the stock has been beaten up over some mining problems, but the way the chart looks, I think it’s ready to recover and make a big move up. Therefore, let’s buy the TCK August 40 Calls (TCK HH), which currently trade between $3.40 and $3.60 per contract.

TCK

The stock is already moving, so let’s add this position to our LEAPS portfolio anywhere under $3.60.

PLAY: Buy the TCK August 40 Calls (TCK HH) at or under $3.60, good for the day.

Sincerely,

Bryan Bottarelli
Editor, Bottarelli Research

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