Correction

GS July 170 Calls (GPY GN)

By Bryan Bottarelli
Wednesday, June 14, 2006 11:21 AM EST
Wed, 14 Jun 2006 16:21:00 GMT

Dear Bottarelli Research Member,

Two quick corrective notes:

First, the Goldman July 170 Calls (GPY GN) are what I meant to referance in the previous alert. Sorry for the confusion. With Goldman trading up $2.00 today, you can probably sell these calls for $0.20 and get your total $2.00 basket price. If you have not yet sold your puts, then maintain each side of the position while trying to achieve the $2.00 basket price.

Second, there is a chance that your Pepsico (PEP) October 60 Calls (PEP JL) hit our stop loss right at the open. My intention was to add to this position and lower your stop loss before hitting $1.90, but some traders may have gotten triggered nevertheless. If this happened to you, I still like the PEP October 60 Calls going into October. Re-establish a position at current levels at or under $2.15.

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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