Take SII Profits!

Keep the Profits Coming

By Bryan Bottarelli
Thursday, June 14, 2007 9:54 AM EDT
Thu, 14 Jun 2007 13:54:00 GMT

Dear Bottarelli Research Member,

It’s been a volatile ride for our SII July 60 Calls (SIK GL), but I urged everyone to maintain this position despite the momentary round of oil-sector weakness. After all, the theme of buying oil stocks on any significant dips has worked for 6 straight months — and I saw no reason why this situation was and different. After entering these calls on June 4th for $1.70, they’ve traded all over the map — but anyone who maintained this position is receiving their payoff today. As I write, SII just hit a new 52-week high of $58.97 and your calls trade between $1.95 and $2.05 per contract. Let’s go ahead and lock in our profits now!

PLAY: Sell your SII July 60 Calls (SIK GL) at or above $2.00, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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