Dear Bottarelli Research Member,
In continuing the theme of being “nimble” one day prior to tomorrow’s key job’s report, let’s take profits off the table on our MDR November 60 calls (MDR KL). We entered these calls yesterday for $2.10 and they just crossed the tape at $2.80, good for an overnight gain of 33%. Let’s lock those profits in now!
PLAY: Sell the MDR November 60 calls (MDR KL) at or above $2.70, good for the day.
Now, it’s important to note that I have a series of trade possibilities lined up (notably CMI, DRYS & MICC) but I really want to hold off until we see how tomorrow morning’s unemployment report effects trading. So for now, let’s sit tight. Until then…
Lock and load!