Not Wanting to Get Greedy

Adjust Sell Order to $1.80

By Bryan Bottarelli
Wednesday, January 24, 2007 10:31 AM EST
Wed, 24 Jan 2007 15:31:00 GMT

Dear Bottarelli Research Member,

I’ve been watching the trading patterns of Norfolk Southern (NSC – NYSE) like a hawk today, and we came within $0.05 of getting executed on our NSC March 50 Puts (NSC OJ) at $2.00. Considering that happened in yesterday’s trading, I don’t want to let another potential profit opportunity come and go, so let’s re-adjust our sell prices to lock in gains.

NSC

PLAY: Sell your NSC March 50 Puts (NSC OJ) at or above $1.80, good for the day.

This sale would entail taking a slightly lesser profit, but considering where the position closed in yesterday’s trading, that’s certainly a strong comeback.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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