Dear Bottarelli Research Member,
I’ve been accused of taking profits too quickly.
That’s probably true.
In fact, that’s most likely the “lock and load” mentality that was ingrained into my head on the CBOE. But at this stage in the game, my intention is to show you exactly what type of money you can expect to make using this system.
So here in the beginning stages, I’m going to be taking instant profits – and hopefully prove to you just how profitable this methodology can be for you. Then, as you gain confidence in the picks, we can get more aggressive and shoot for larger winners.
Having said that, let’s get into today’s plays.
Quite frankly, everything is looking great – starting with your TNB calls.
You bought the TNB June 45 Calls (TNB FI) for $4.60. As I write, they’re trading between $5.70 and $6.10. That’s good for a 30% gainer in two days! Take Profits!
PLAY: Sell your TNB June 45 Calls (TNB FI) at or under $5.60, good for the day.
On bad news from SIRI, the status of the satellite radio market continues to remain in question. That’s helping out your XMSR April 25 Puts (QSY PE). You bought them for $2.10 and they’re currently trading between $2.50 and $2.60. If this position gets up above a 25% gainer, I’ll look to take it. For now, hold.
CMI keeps extending its up-trend. The CMI June 100 Calls (CMI FT) you bought for $8.80 currently trade between $9.60 and $10.00. If this position gets up above a 20% gainer, I’ll look to take it. For now, hold.
Your MDC June 65 Puts (MDC RM) are finally coming back – as MDC stock is failing to hold onto their recent gains. Hold.
And finally, your super-speculative play on Google keeps jumping around. After yesterday’s $21.00 rise, GOOG is trying to decide if that was a dead-cat bounce or the set-up for another big run. You now what I think. Hold your GOOG June 240 puts (GOU RH) and expect to stomach a lot more gyration.
I’d like to know what you think of the system so far. Please e-mail me at bryan@bottarelliresearch.com and tell me your early thoughts!
Lock and load!
Sincerely,
