Take DIA Profits!

Lock In Protective Profits

By Bryan Bottarelli
Monday, October 03, 2011 9:42 AM EDT
Mon, 3 Oct 2011 13:42:00 GMT

PLAY: Sell your DIA October 107 Puts (O:DIA 11V107.00) at market, good for the day.

Dear Bottarelli Research Member,

As the Dow continues to push lower, let’s lock in profits on our protective SPDR Dow Jones Industrial Average (DIA – NYSE) puts. With profits in hand, I don’t want to run the risk of a reversal. If the markets keep falling and we need to reload this position, we certainly will. But for now, let’s capitalize on this morning’s down-move by taking the money! Here’s the play…

PLAY: Sell your DIA October 107 Puts (O:DIA 11V107.00) at market, good for the day.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli
Editor, Bottarelli Research

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