Modest Gainers

Sell STP and CTRP

By Bryan Bottarelli
Friday, January 05, 2007 9:34 AM EST
Fri, 5 Jan 2007 14:34:00 GMT

Dear Bottarelli Research Member,

Although we came within ten cents of our $4.50 sale price on the STP February 35 Puts (STP NG), prices never got that high yesterday — so let’s go ahead and maintain this sell order, good for day. Considering the early market weakness, we could our sell prices triggered sometime this morning.

PLAY: Sell your STP February 35 Puts (STP NG) at or above $4.50, good for the day.

Let’s also try to take our modest gainer on CTRP off the table. If you recall, we entered the CTRP February 65 Calls (QCT BM) for $4.86, and a late-session rally yesterday pushed them up to a high of $5.40. Selling at $5.60 would give us a quick 15% gainer, so let’s enter this sell order, good for the day.

PLAY: Sell your CTRP February 65 Calls (QCT BM) at or above $5.60, good for the day.

I’ll be out with more updates as the day progresses — until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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