Take Profits 3x

Lock in CMI, ITRI, and MRO

By Bryan Bottarelli
Thursday, June 28, 2007 9:45 AM EDT
Thu, 28 Jun 2007 13:45:00 GMT

Dear Bottarelli Research Member,

It’s always a good morning when you have profits to take on three positions — and that’s exactly the enviable situation we have today.

As I write, the CMI August 100 Calls (CDM HT) that we entered for $6.40 just traded for $7.00, the MRO August 60 Calls (MRO HL) that we entered for $2.85 just traded for $3.80 and the ITRI August 75 Calls (IUP HO) that we entered for $4.50 are trading between $5.30 and $5.70. Let’s lock in profits on all three positions!

PLAY: Sell the CMI August 100 Calls (CDM HT) at or above $7.00, good for the day.

PLAY: Sell the MRO August 60 Calls (MRO HL) at or above $3.60, good for the day.

PLAY: Sell the ITRI August 75 Calls (IUP HO) at or above $5.30, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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