Action Alert: A Rash of New Highs!
Take HALF of WYNN Profits
PLAY: Sell HALF of your WYNN January 35 Puts (UWY MG) at market, good for the day. Hold the remaining half for more upside.
Dear Bottarelli Research Member,
Our entire portfolio of puts is aggressively breaking to new highs. For example:
- iShares MSCI Emerging Markets Index March 24 Puts (MBY OX): Entered on 1/17/2008 for $5.35, traded as high as $7.30 today, new high of 36.45%.
- Visa January 55 Puts (V MK): Entered on 11/3/2008 for $5.60, traded as high as $9.70 today, new high of 73.21%.
- AutoZone January 100 Puts (AZO MT): Entered on 10/20/2008 for $7.80, traded as high as $19.50 today, new high of 150.00%.
- Toyota Motors January 65 Puts (TM MM): Entered on 10/13/2008 for $6.10, traded as high as $11.50 today, new high of 88.52%.
- Wynn Resorts January 35 Puts (UWY MG): Entered on 10/27/2008 for $6.90, traded as high as $9.90 today, new high of 43.48%.
Of this group, our WYNN puts are the only ones that we have yet to lock in profits on HALF of our position, so let’s go ahead and do that now!
PLAY: Sell HALF of your WYNN January 35 Puts (UWY MG) at market, good for the day. Hold the remaining half for more upside.
TACTICAL NOTE: It’s also important to realize that the Visa, AutoZone, Toyota, and Wynn positions are all due to expire in January. While we still have plenty of time left, it is never too early to formulate an exit strategy. In other words, if you’re happy with your returns on any (or all) of these positions, feel free to lock in your profits by closing out the remaining HALF of your positions now. That way, you officially lock in the tremendous profits that you have in hand — and you also avoid the threat of a strong market bounce.
Once again, congratulations on your put winners!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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