Revisiting MRO

Big Drop Could Mean Bigger Gains

By Bryan Bottarelli
Tuesday, October 31, 2006 10:50 AM EST
Tue, 31 Oct 2006 15:50:00 GMT

Dear Bottarelli Research Member,

It’s not even mid-day and Halloween has already provided us with a lot of trading “treats.” But one trade that I’d like to follow up on was our downside play on Marathon Oil (MRO – NYSE).

If you followed my advice, then you sold your MRO November 85 Puts (MRO WQ) yesterday for $2.65 and locked in a gain of 26.19%. The point of locking in the gains yesterday was to avoid getting whip-sawed by a positive earnings announcement from MRO which could’ve pushed the stock higher. After all, earnings from CVX and XOM resulted in big up-moves, and I didn’t want to take that directional risk with MRO, especially when we had profits in hand.

MRO

If you ignored by advice and held the MRO position, then your intestinal fortitude is paying off. As I write, MRO is trading down over $1.90, and this down-move has increased your MRO November 85 Puts (MRO WQ) all the way up to $3.80. That’s a great 80.95% above our original entry price! Although this gain will not be reflected in our model portfolio, I wanted to shoot out a quick alert and say that if you’re still holding the MRO November 85 Puts (MRO WQ), take your profits now!

**SPECIAL OFFER REMINDER: In between all of today’s trading, don’t forget that our special renewal offer expires tonight at midnight! This special offer gives you 9 months of service for the price of 6, a $700 value! It’s like getting three months of service free of charge, so please take five minutes and take this special before it expires tonight at midnight. To take this special, simply click this link below:

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

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 October 2006