Full Position Review
Lock In Remainder of Put Profits
EDITOR’S NOTE: Due to the Thanksgiving holiday, there will be no new LEAPS pick today. Rather, we’ll take a moment to review our entire ledger, and fully analyze each and every position we’re currently holding. Enjoy!
Dear Bottarelli Research Member,
Over the last few months, every one of your LEAPS alerts has contained two picks. One pick was a near-term put, while the other was a longer-term call. Taken together, these two positions are designed to help you profit off the near-term market weakness, while at the same time positioning you to profit off any forthcoming rally. And thus far, the strategy has worked to perfection.
As you know, all of our near-term puts have hit triple-digit gains, while most of our longer-dated calls were doing a fine job of holding their water. In a volatile market like this, we cannot ask for anything more. In today’s update, we’ll begin the process of locking in the remainder of our gains in our best put winners.
As I mentioned above, there won’t be a new LEAPS pick. So while we have a moment, I’d like to take a step back and review our entire LEAPS ledger. That way, we’ll all be on the same page with our open positions. And then next week, we’ll get back into the swing of things with more new picks. So until then, have a relaxing and rewarding holiday. Enjoy today’s update!
UPDATES
PPH February 50 Puts (PPH NJ): Despite a momentary up-tick, the trend in PPH remains down. Without any upside catalysts on the horizon, the puts continue to look strong. Hold.
MCD June 55 Calls (MCD FK): One of the top performers in the entire 2008 investing year is on the verge of breaking out. As you can see, if MCD can bust through the 200-day moving average, we could be off to the races. Maintain your calls for more upside. Hold.
Teva Pharmaceuticals January 2010 45 Calls (WTX AI): Here’s another upside breakout that could occur at anytime. Going into 2009, the prospects for TEVA remain strong. Hold.
iShares MSCI Emerging Markets Index March 24 Puts (MBY OX): In one of the most predictable chart patterns you’ll ever see, the momentary upside tick in EEM will soon give way to more selling pressure. Be sure to lock in HALF of your profits at the 50% level. Sell HALF at 50%.
ADM January 2010 20 Calls (WRA AD): ADM continues to display a strong upside chart formation. Our calls have traded as high as 41% above our entry price, so be sure to lock in HALF of your gains at the 50% level. Sell HALF at 50%.
Casey’s General Store February 30 Puts (CQO NF): The double-top remains in tact, so maintain your puts for more selling pressure. Hold.
Visa January 55 Puts (V MK): After locking in 118% gains, let’s go ahead and close out the remainder of our position on any forthcoming selling pressure. As you can see, V has another down-leg coming, so let’s book the rest of our profits as this selling pressure ensues. Congrats on a strong return! Sell remainder of position.
AKS January 2010 15 Calls (YDF AC), Ultra Financials June 8 Calls (UUF FH), Excel Maritime March 15 Calls (EKN CC), & Tesoro January 2011 5 Calls (ZGC AA): All of our four so-called “severely over-sold sector rebound plays” had nice advances this week. I’m still bullish on the rebound prospects in the steel, oil refining, dry bulk shipping, and financial industries. Therefore, maintain all four recovery positions. Hold.
Wynn Resorts January 35 Puts (UWY MG): Let’s go ahead and sell the remainder of our WYNN position as well. We already locked in a 47% return last week, so let’s close out the remainder of this position on any forthcoming weakness. Sell remainder of position.
Auto Zone January 100 Puts (AZO MT) & Toyota Motors January 65 Puts (TM MM): Same goes for AZO and TM. Both positions handed us incredible returns, so let’s use any forthcoming weakness to close out the remainder of each position. Sell remainder of position.
Apex Silver Mines January 2010 2.5 Calls (YSB AZ), Southern Peru Copper January 2010 25 Calls (YPV AE), & Barrick Gold January 2010 40 Calls (WRX AH): As the U.S. government keeps handling out bailout packages like Halloween candy, the argument for every precious metals becomes stronger and stronger. Going into 2009, I think metals could be one of the strongest sector performers, and this bodes well for all three of these positions. Hold.
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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