Action Alert: Lock in AA and BEXP Profits

Take 45% and 87% Gainers!

By Bryan Bottarelli
Wednesday, December 16, 2009 10:35 AM EST
Wed, 16 Dec 2009 15:35:00 GMT

PLAY: Sell your AA January 2011 10 Calls (OKH AB) at market, good for the day.

PLAY: Sell the remainder of your BEXP April 7.5 Calls (QBJ DU) at market, good for the day.

Dear Bottarelli Research Member,

As we near the end of the 2009 calendar year, I think it’s a smart idea to lock in profits on some of our current LEAPS positions.

As you probably know, material stocks have been on fire lately, which is why we entered the Alcoa January 2011 10 Calls (OKH AB) back on November 2nd for $4.10. As I write, these calls have just hit a high of $5.95, good for a 45.12% gainer. Considering our January expiration, the ideal time to lock in these profits is now. Therefore, go ahead and close out this entire winner now!

AA

PLAY: Sell your AA January 2011 10 Calls (OKH AB) at market, good for the day.

At the same time, let’s officially lock in the remainder of our profits on the Brigham Exploration April 7.5 Calls (QBJ DU). With these calls now hitting $5.80, we have a gain of 87.10%. This is far too strong to pass up. Therefore, let’s be proactive and lock in the remainder of these profits now!

BEXP

PLAY: Sell the remainder of your BEXP April 7.5 Calls (QBJ DU) at market, good for the day.

Congratulations on two strong winners!

Sincerely,

Bryan Bottarelli
Editor, Bottarelli Research
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