Take PSA Profits!

Lock in 20% Gainer

By Bryan Bottarelli
Tuesday, July 24, 2007 9:52 AM EDT
Tue, 24 Jul 2007 13:52:00 GMT

Dear Bottarelli Research Member,

With the markets opening 100 points lower, we’re seeing the fresh 52-week low on Public Storage (PSA — NYSE) that I expected. As a result, the PSA August 80 Puts (PSA TP) that we entered for $4.500 on July 18th are trading between $5.90 and $6.30 today, good for a quick 20% gainer. Let’s go ahead and lock in the profits now!

PSA

PLAY: Sell the PSA August 80 Puts (PSA TP) at or above $6.00, good for the day.

I’ll be out later today with a series of other play candidates that we could buy on this dip, but until then:

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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