Action Alert II: Take HALF of VIX Profits!

Lock in 39% Gainer

By Bryan Bottarelli
Thursday, September 18, 2008 12:07 PM EDT
Thu, 18 Sep 2008 16:07:00 GMT

PLAY: Sell HALF of your VIX October 25 Calls (VIX JE) at market, good for the day.

Dear Bottarelli Research Member,

The Dow’s early-session gain of 200 points has now evaporated. As a result, floor traders are once again nervous about the markets — and this intense intra-day volatility has pushed the CBOE Volatility Index (VIX) on a moon-shot. Check it out:

VIX

Based on this move, the VIX October 25 Calls (VIX JE) that we entered on July 7th for $2.80 have now traded as high as $3.90, good for a 39.29% gainer. Let’s lock in HALF of these profits now!

PLAY: Sell HALF of your VIX October 25 Calls (VIX JE) at market, good for the day.

Congrats on another bear-market winner!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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