A Quick Note on CMI

A Second Exit Opportunity

By Bryan Bottarelli
Thursday, October 04, 2007 12:45 PM EDT
Thu, 4 Oct 2007 16:45:00 GMT

Dear Bottarelli Research Member,

While we continue to wait out an otherwise dull trading day, I would like to highlight today’s trading in shares of Cummins (CMI – NYSE).As you know, we sold the CMI October 140 Calls (CDM JH) yesterday for $3.90 to lock in a quick 21.88% gain.But since this trade moved fast, you may not have been able to sell yesterday — and thus you’re still holding onto these calls. If that’s the case, then I have good news.

CMI

As I write, CMI is trading $4.00 higher and these calls have hit a high today of $4.10. If you’re still holding this position, take your profits now!

SECOND EDIT: Sell your CMI October 140 Calls (CDM JH) at or above $3.90, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli
Editor, Bottarelli Research
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