Take TSO Profits

Lock in Quick Gainer

By Bryan Bottarelli
Thursday, May 10, 2007 9:38 AM EDT
Thu, 10 May 2007 13:38:00 GMT

Dear Bottarelli Research Member,

I’ll keep this short.

The markets are opening weaker this morning — and the only bright stop looks to be the oil patch sector. As I write, oil is trading up $0.77, and this has helped Tesoro (TSO – NYSE) open the day to the upside.

The TSO June 120 Calls (TSO FD) that you entered yesterday for $5.10 have traded as high as $6.00 today, so let’s use this morning up-tick to lock in a short-term gainer.

PLAY: Sell the TSO June 120 Calls (TSO FD) at or above $6.00, good for the day.

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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