Take Profits 3x Over!

Lock in Gains on DE, RIG & BNI

By Bryan Bottarelli
Thursday, May 17, 2007 2:11 PM EDT
Thu, 17 May 2007 18:11:00 GMT

Dear Bottarelli Research Member,

If you like instant gratification, then today’s your lucky day.

As I write, oil is blasting higher by $1.80 a barrel — and the RIG June 90 Calls (RIG FR) that we entered this morning for $3.80 have now traded as high as $4.50.

At the same time, Burlington Northern Santa Fe (BNI – NYSE) continues to push higher — which has increased your BNI June 95 Calls (BNI FS) from our $2.45 entry up to a high of $3.00.

And not to be outdone, John Deere (DE – NYSE) is once again moving lower, which has pushed your DE June 120 Puts (DE RD) up to a high of $5.30.

Given these nice intra-day moves, let’s go ahead and lock in gains on all three positions for the best possible prices that we can achieve today. I’ll set the sell parameters below — and let’s see if we can trigger these sale prices by the end of today’s trading day.

PLAY: Sell your RIG June 90 Calls (RIG FR) at or above $4.50, good for the day.

PLAY: Sell your BNI June 95 Calls (BNI FS) at or above $3.00, good for the day.

PLAY: Sell your DE June 120 Puts (DE RD) at or above $5.20, good for the day.

If any of these prices do not trigger, then simply maintain the positions into tomorrow.

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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