Take Profits!

LLY Drops, You Make 1-Day Gains

By Bryan Bottarelli
Wednesday, March 29, 2006 10:01 AM EST
Wed, 29 Mar 2006 15:01:00 GMT

PLAY: Sell your LLY May 60 Puts (LLY QL) at or above $4.60, good for the day.

Dear Bottarelli Research Member,

I’d like to keep this short and sweet.

The downside thesis on Eli Lilly is paying immediate dividends. After yesterday’s double-downgrade, the stock is down another $1.00 this morning. This has pushed your LLY May 60 Puts (LLY QL) up to $4.70. That’s a 20% gain from your $3.90 entry price yesterday. Take the money and run!

PLAY: Sell your LLY May 60 Puts (LLY QL) at or above $4.60, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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