A Quick Note on WHR

Exit for $3.00

By Bryan Bottarelli
Thursday, August 10, 2006 2:51 PM EST
Thu, 10 Aug 2006 19:51:00 GMT

Dear Bottarelli Research Member,

I received a handful of notes today from members who were not able to execute the

WHR September 75 Puts (WHR UO) at or above $3.20. Given our $2.55 entry price, I don’t want to play games over a few pennies, so let’s go ahead and adjust our sale price down to $3.00, good for the day.

As you can see by the chart, there’s a chance that WHR could find support at current levels, so let’s not put our profits at undue risk. If WHR keeps dropping, we’ll play puts once again. But for now, let’s lock in our overnight gains.

WHR

PLAY: If you’re still holding the WHR September 75 Puts (WHR UO), sell them at or above $3.00, good for the day.

Maintain your TXU September 65 Calls (TXF IM), and make sure to keep an eye on CXS. It’s starting to look very attractive — especially if we see a transport recovery in the works.

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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