Action Alert: Take IAG and TSO Profits!
Lock in 35% and 89% Gainers
PLAY: Sell HALF of your IAM Gold September 5 Calls (IAG IA) at market, good for the day.
PLAY: Sell the remainder of your Tesoro January 2011 5 Calls (ZGC AA) at market, good for the day.
Dear Bottarelli Research Member,
The IAM Gold September 5 Calls (IAG IA) that we entered on February 2nd for $2.55 have traded as high as $3.45 today, good for a quick 35.29% gainer. As you can see from the IAG chart below, the stock has rallied quite noticeably lately, and I’d like to take full advantage of this upside push. Therefore, let’s go ahead and lock in profits on half of our IAG calls now!
PLAY: Sell HALF of your IAM Gold September 5 Calls (IAG IA) at market, good for the day.
At the same time, let’s officially lock in all of our profits on our Tesoro January 2011 5 Calls (ZGC AA).As you know, we entered these calls on October 20th for $7.50, and as I write today, they’ve traded as high as $14.20, good for a strong 89.33% gainer. As you can see from the chart below, TSO has been a remarkable upside mover lately, and I don’t want to get greedy and miss out on locking in profits. We can always re-establish a new position on any forthcoming price dips, but for now, let’s book our strong gains.
PLAY: Sell the remainder of your Tesoro January 2011 5 Calls (ZGC AA) at market, good for the day.
It’s also important to note that our Cubist Pharmaceuticals May 20 Calls (UTU ED) and our Salesforce.com May 25 Puts (CRM QE) triggered a stop loss in this week’s trading, so be sure to close out both of these positions.
I’ve also received some questions about our Verizon April 30 Puts (VZ PF). As you know, we entered these puts on December 8th for $2.54, and we sold half of the position when they reached $3.80, good for a 49.61% gain. As I write today, these puts are trading for $2.60, which is just above our original entry price. As I study the VZ chart (noted below), it looks like the stock is just about to fall off a cliff, so let’s maintain these puts for more gains. If they hit the 50% profit level once again, take the remainder of your profits.
I’ll have a full update in Saturday’s LEAPS alert. More to come…
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.
Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.
CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.