Action Alert: FCX Hits 50%, Sell Half!
Plus: Take Remaining Profits on DIA and AET
Dear Bottarelli Research Member,
Good news! The Freeport-McMoRan Copper & Gold August 35 Calls (FCX HG) that we entered on 2/17/2009 for $4.14 have just traded for $6.20, good for a nice 49.76% gainer. In a market like this, that’s close enough to our 50% target to warrant locking in half of our profits. Therefore, let’s book these gains now!
PLAY: Sell half of your Freeport-McMoRan Copper & Gold August 35 Calls (FCX HG) at market, good for the day.
At the same time, we also saw a powerful move yesterday in two of our protective positions. Specifically, the Aetna July 30 Puts (AET SF) that we entered on 2/17/2009 for $3.60 hit a high of $11.00 yesterday, good for a 205.56% gain.
And not to be outdone, the Dow Diamonds April 70 Puts (DIJ PR) that we entered on 1/26/2009 for $2.70 hit a high of $5.70 yesterday, good for a 111.11% gain.
Due to the market’s temporary bounce today, let’s go ahead and lock in the remainder of our profits on both of these positions. Congratulations on these powerful winners. Sell AET and DIA now!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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