PLAY: Sell your CTRP February 70 Puts (QCT NN) at market, good for the day.
Dear Bottarelli Research Member,
Good morning. Thus far, all of our positions are moving in our direction. With the key financial figureheads getting grilled on live TV, the financial sector is once again weak. As a result, FAZ continues to trickle higher. The FAZ February 17 Calls (FEW BQ) that we entered for $1.58 have hit a high of $1.72 today, so hold for more gains.
Also, the weakness in CTRP continues, which is offering a nice early-morning boost to our CTRP February 70 Puts (QCT NN). The puts that we entered for $4.20 just hit a high of $5.10, good for a quick and easy 20% gainer. Let’s lock in these profits now!
PLAY: Sell your CTRP February 70 Puts (QCT NN) at market, good for the day.
Over on the call side, the FDX February 90 Calls (FDX BR) that we entered for $1.55 have hit a high today of $1.80, good for a nice 16% gainer. Hold for more upside. The same goes for our WHR February 85 Calls (OFW BQ), which we’re now holding for an average entry price of $3.15. With a high today of $3.00, we’re right where we want to be. Hold.
We also have good news from Green Mountain (GMCR – NASDAQ), courtesy of Roth Capital who initiated coverage with a target price of $110. That’s certainly what we want to hear. Maintain your GMCR February 85 Calls (QGM BQ) for more upside.
And as always…
Lock and load!
Sincerely,
