Take DO, AXP, PSA Profits

Three Calls $0.10 Away from Sell Triggers

By Bryan Bottarelli
Thursday, December 14, 2006 1:46 PM EST
Thu, 14 Dec 2006 18:46:00 GMT

Dear Bottarelli Research Member,

Here’s an interesting visual image for you…

I’m here at my command center — starring at my real-time options ticker — as three of our call positions are a mere $0.10 away from our “take profits” trigger prices.

First up, let’s set a $3.50 sell price on our AXP January 60 Calls (AXP AL).We entered these calls this morning for $2.05 and they’ve traded as high as $2.40 in today’s trading. Selling at $2.50 would give us a 21.95% gain in just over half a day’s work. If we can get filled, let’s take it!

PLAY: Sell your AXP January 60 Calls (AXP AL) at or above $2.50, good for the week.

Also flirting with a sell price is our DO January 80 Calls (DO AP).The high of the day is $6.40, a dime under our $6.50 sell price. Maintain this $6.50 sell order good for the week.

Plus, don’t forget about our PSA March 100 Calls (PSA CT).Today’s high is $3.30 and our sell trigger is $3.40. Maintain this order good for the week as well.

Hopefully, we’ll have profits on all three positions by the end of the day. I’ll follow up as we head down to the close of trading. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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