Action Alert: Take SDS Profits
Lock in 66% Gain!
Dear Bottarelli Research Member,
I don’t normally send out small-cap alerts throughout the week, but today’s news was just too important to pass up. As you know, in last week’s small-cap alert, Mark and I recommended a protective call position in the UltraShort S&P 500 ProShares (SDS – AMEX).
As we explained, the SDS moves at a rate which is twice the inverse of the daily performance of the S&P 500 index. Therefore, the fact that the S&P 500 has been falling is pushing the SDS to new highs as we speak. And this has pushed the value of your SDS August 75 Calls (SBJ HW) from our $2.65 entry price up to a high today of $4.40. That’s good for a 66% gain in two days, so I want to lock in these profits now!
PLAY: Sell your SDS August 75 Calls (SBJ HW) at market, good for the day.
Congrats on a nice little winner in the midst of a weak market.
Sincerely,
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