Action Alert: Lock in Profits 3x!
Take DNA, FCX, and RTN Gains Now
PLAY: Sell the remainder of your Genentech June 85 Calls (DWN FQ) at market, good for the day.
PLAY: Sell the remainder of your FCX August 35 Calls (FCX HG) at market, good for the day.
PLAY: Sell the remainder of your Raytheon August 40 Puts (RTN TH) at market, good for the day.
Dear Bottarelli Research Member,
Well, it finally became official. San Francisco biotech leader Genentech (DNA – NYSE) agreed to be acquired by Roche, who paid $95.00 per share for the remaining 44% of DNA stock that they didn’t already own.
Because of this news, shares of DNA are once again moving higher, currently trading right around their $95.00 acquisition price. As a result, this has pushed our Genentech June 85 Calls (DWN FQ) up to a high of $9.90, good for a 62.30% gain from our original $6.10 entry price.
Since DNA shares will most likely hover around this $95.00 level until this deal is completed, our upside is capped off. Therefore, let’s go ahead and lock in profits on the remainder of our position.
PLAY: Sell the remainder of your Genentech June 85 Calls (DWN FQ) at market, good for the day.
At the same time, let’s also lock in the remaining profits on our Freeport-McMoRan Copper & Gold August 35 Calls (FCX HG).As you know, we entered these calls on 2/17/2009 for $4.14, and today, they’ve traded as high as $8.20, good for a powerful 98.07% winner. Let’s officially lock in these profits now!
PLAY: Sell the remainder of your FCX August 35 Calls (FCX HG) at market, good for the day.
And finally, let’s also lock in the remaining profits on our Raytheon August 40 Puts (RTN TH).We entered these puts on 3/2/2009 for $5.00, and they’re now trading between $8.00 and $8.20 per contract, good for a 60% gainer. Let’s take the cautious approach and lock in the remainder of our profits now!
PLAY: Sell the remainder of your Raytheon August 40 Puts (RTN TH) at market, good for the day.
Let me be the first to tell you, “Congratulations” for hitting three powerful winners. Locking in profits of 62%, 98%, and 60% on a Thursday morning is certainly a great way to start your day. Nice trading!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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