Take AIG Profits!

Lock in Your 32% Gain

By Bryan Bottarelli
Monday, March 12, 2007 10:27 AM EDT
Mon, 12 Mar 2007 14:27:00 GMT

Dear Bottarelli Research Member,

The two put positions that we initiated on March 8th are both looking good. Starting with the AIG April 70 Puts (AIG PN) that we entered for $1.40, the stock has effectively called the 50-day moving average resistance, which means that the next move will most certainly be to the downside. As I write, your puts have traded as high as $1.85, which is good for a 32% gainer. Let’s go ahead and take our profits!

AIG


PLAY: Sell your AIG April 70 Puts (AIG PN) at or above $1.80, good for the day.

Also looking weak is Marathon Oil (MRO – NYSE). To be honest, the oil names have been surprisingly strong even while crude prices dipped under $60 a barrel, but now that mini-rally looks to be coming to an end. The MRO April 95 Puts (MRO PS) that we entered for $3.90 traded as high as $4.10 today, so maintain the position for more upside gains.

MRO

I’ll be out with more updates as the day progresses, but until then:

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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