Capping Off the Week in Style

Lock in GOOG Gains

Dear Bottarelli Research Member,

What a better way to cap off an excellent week of trading than to take profits on our GOOG October 460 Calls (GOP JL).

If you recall, we entered these calls on Tuesday for $1.40 per contract as a speculative (and cheap) way to play GOOG’s coming earnings announcement. Yesterday after the close, GOOG announced another blockbuster report — earning $733 million in Q3, a figure that was up 92% over last year. Sales also rose about 79% to $1.86 billion, which pushed GOOG shares up $37 in after-hours trading!

Needless to say, it’s time to take our profits on the GOOG October 460 Calls (GOP JL).As for the protective puts on the GOOG October 370 Puts (GGD VN), they will expire worthless. But that’s certainly A-OK with me, as the gains from the calls more than make up for this minimal $0.60 loss.

As the trading days gets underway, your GOOG October 460 Calls (GOP JL) have opened the day trading between $2.60 and $3.60 per contract on heavy volume. Then, they jumped under $2.00 which appears like the floor traders are trying to push the position lower leadign into expiration. This is certainly priced lower than I expected , so let’s take what the market gives us and lock in your gains at the best prices we can. After all, the GOOG October 470 calls are trading for $7.00, which means our 460 calls could be somewhere in that ballpark.

PLAY: Sell your GOOG October 460 Calls (GOP JL) at or above $2.50 good for the day.

*TACTICAL NOTE: Be sure to exit these calls in today’s trading, because tomorrow is October expiration. If these calls close in the money and you have yet to sell them, you will get executed — which means you’ll purchase 100 shares of GOOG at $460 per share. So lock in your gains today.

In other news, the markets are opening the day lower, which should be good for our four remaining put positions in the DIA November 120 Puts (DIA WP), MNST November 40 Puts (BSQ WH), SBUX November 37.5 Puts (SQX WU), and OSTK November 20 Puts (QKT WD).When it’s time to take profits on any of these, you’ll be the first to know.

And finally, when I look at our trading this week, I can do nothing but smile. With consecutive profits on DIA November 120 Puts (DIA WP), SLB November 60 Call (SLB KL), PCU December 50 Calls (PCU LJ), SWN December 30 Calls (SWN LF), PPH November 75 Calls (PPH KO), PEIX November 17.5 Calls (PFQ KW), and ALK November 40 Calls (ALK KH), I must say it’s been one heck of a week. And when you add today’s GOOG trade into the mix, we delivered a phenomenal week of trading!

After weeks like this, it might be a good time to consider renewing your Charter Membership to Bottarelli Research. No matter if you’re a 3-month member or a 12 month member, it makes sense to take a small amount of your gains and extend your membership. Best of all, we’re running a special offer until the end of October that gives you 9 months of service for the price of 6! This special offer is only good until Tuesday October 31^st, so if you’re interested, click the link below. Then, use your Bottarelli Research e-mail and password to access the special sign-up page, and you’ll be good to go!

https://www.bottarelliresearch.com/renew/?21NF3Z6T0Z

I look forward to many more months of profitable trading. And as always…

Lock and load!

Sincerely,