Action Alert: Take Half LVS Profits!

Lock in Quick 40% Gainer

By Bryan Bottarelli
Monday, September 08, 2008 12:30 PM EDT
Mon, 8 Sep 2008 16:30:00 GMT

PLAY: Sell HALF of your LVS December 40 Puts (LVS XH) at market, good for the day. Hold the remaining half for more upside.

Dear Bottarelli Research Member,

As it turns out, we timed the entry on our LVS December 40 Puts (LVS XH) quite nicely. At the open of today’s trading, LVS was in the green and we were able to pick up these contracts around $4.80. And over the next two hours, the major market averages have given back most of their early-session gains, which has pushed shares of LVS down $1.50 on the day.

LVS

This reversal pushed your December puts up to $6.70, good for a quick 40% gainer. Let’s go ahead and lock in profits on HALF of our position now!

PLAY: Sell HALF of your LVS December 40 Puts (LVS XH) at market, good for the day. Hold the remaining half for more upside.

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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