Action Alert: CASY Hits 100%
Sell Remainder of Position
Dear Bottarelli Research Member,
As we close out the 2008 investing year, let’s go ahead and lock in 100% profits on the remainder of our CASY puts. If you recall, we entered the Casy’s General Store February 30 Puts (CQO NF) on 11/10/2008 for $4.20. As of today, these puts traded up to $8.70, good for a 107.14% gainer. Let’s go ahead and lock in these profits on the remainder of our position now!
PLAY: Sell the remainder of your Casy’s General Store February 30 Puts (CQO NF) at market, good for the day.
I’m also liking today’s action on our Tesoro January 2011 5 Calls (ZGC AA). We entered these longer-term calls on 10/20/2008 for $7.50 based on the view that refiners like TSO were grossly oversold. Looking at the recent chart, it appears like Wall Street is beginning to agree, especially as oil prices are plunging. Continue to hold your TSO calls for more upside, as our January 2011 expiration could make this one a huge winner.
NOTE: Due to another market holiday falling in the middle of the week, there will not be a new LEAPS alert this Saturday. Therefore, your first LEAPS alert of 2009 will come on Saturday, January 10th. Until then, have a wonderful New Year’s — and we’ll continue hitting even more big winners in 2009.
Sincerely,
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