Take CELG Profits

Lock in 25% Gainer

By Bryan Bottarelli
Thursday, June 21, 2007 9:46 AM EDT
Thu, 21 Jun 2007 13:46:00 GMT

Dear Bottarelli Research Member,

The markets have opened lower this morning, and this selling pressure is pushing shares of Celgene (CELG — NASDAQ) lower. On this move, the CELG July 60 Puts (LQH SL) that we entered on June 12th for $3.20 have traded as high as $4.00 today, good for a nice 25% gainer. Let’s go ahead and lock in those profits now!

CELG

PLAY: Sell the CELG July 60 Puts (LQH SL) at or above $3.90, good for the day.

Oil is also moving up today, so I’ll keep a lookout for any promising upside oil plays. I’ll alert you the moment something comes up, but until then:

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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