Instant Gains

Take RIG Profits!

By Bryan Bottarelli
Thursday, November 02, 2006 1:24 PM EST
Thu, 2 Nov 2006 18:24:00 GMT

Dear Bottarelli Research Member,

What a well-timed trade on RIG!

We entered the RIG December 70 Calls (RIG LN) for $4.70 per contract when the stock was down $0.50 on the day. Since that entry, RIG has reversed course and turned that morning loss into a gain of $1.77. That pushed our RIG December 70 Calls (RIG LN) all the way up to $5.60, good for a gain of just under 20% in a matter of hours. Let’s take the money and run!

RIG

PLAY Sell the RIG December 70 Calls (RIG LN) at or above $5.50, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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