Another Play on IAG, Plus Add NEM Too!
Dear Bottarelli Research Member,
Once again, let’s get positioned in IAG. If you recall, we hit a really nice 118% gainer back in July, and now it looks like the ideal time to get positioned to the upside once again. Specifically, let’s buy the IAG March 2008 $7.50 Calls for $0.80.
PLAY: Buy the IAG March 2008 $7.50 Calls for $0.80, good for the day.
Let’s also take a similar play on Newmont Mining (NEM – NYSE). NEM had been the laggard in the major gold companies all year long, and to me it’s one of the most undervalued metal stocks your money can buy. Therefore, let’s play a “catch-up” effect by adding the NEM January 50 Calls as well!
PLAY: Buy the NEM January 2008 50 Calls (NEM AJ) for $2.90, good for the day.
Sincerely,
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