BOL: Take Profits!

Closing in on 20% in 2 Days

By Bryan Bottarelli
Wednesday, April 05, 2006 9:47 AM EST
Wed, 5 Apr 2006 14:47:00 GMT

PLAY: Sell your BOL May 65 Puts (BOL QM) at or above $6.00, good for the day.

Dear Bottarelli Research Member,

Even though we’re opening the day higher, I still think the markets are a little over-extended at current levels. Therefore, I think we should maintain our SPY May 130 Puts (SFB QZ).

On the other hand, it may be a good idea to take profits on BOL. The stock is down another $0.66 at the open, and the May 65 Puts you bought for $5.10 are trading for $6.20. Take profits!

PLAY: Sell your BOL May 65 Puts (BOL QM) at or above $6.00, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 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.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From April 2006