Dear Bottarelli Research Member,
With the Dow off 300 points (and looking more and more likely to re-test the October lows of 7,800), many of our put positions are handing us strong returns.
Yesterday, for example, we already locked in a 50% profit on HALF of our Zale February 20 Puts (ZLC ND). And today, we’re seeing our Casy’s General Store February 30 Puts (CQO NF) reach 19.05%, our Visa January 55 Puts (V MK) reach 42.86%, and our AutoZone January 100 Puts (AZO MT) hit 20.51%. Be sure to lock in half of your profits if any of these positions hit the 50% level.
But in terms of today’s alert, we’ve now seen our Toyota Motors January 65 Puts (TM MM) trade up to $9.20, good for a 50.82% gainer. Therefore, let’s go ahead and lock in HALF of our profits on this position now!
PLAY: Sell HALF of your Toyota Motors January 65 Puts (TM MM) at market, good for the day. Hold the remaining half for more upside.
As a side note, I’m very encouraged by the movement of our first “Obama’s List” pick, Archer Daniels Midland. As you can see below, the stock is trading higher on a day that the Dow is down 300 points. This paints a strong picture going forward, so maintain your ADM January 2010 20 Calls (WRA AD) for more upside.
The second “Obama’s List” pick, which I will issue to you this Saturday, is also trading in the green today — so I really think we’re onto something with this newest methodology. More details later in the week.