Take PTR Profits

Lock in 25% to 30% Gainer

By Bryan Bottarelli
Friday, August 03, 2007 9:54 AM EDT
Fri, 3 Aug 2007 13:54:00 GMT

Dear Bottarelli Research Member,

At the open of today’s trading, shares of PetroChina (PTR – NYSE) are off $2.30. This helped push your PTR August 140 Puts (PTR TH) up to a high of $3.90. Since we originally entered these puts for $3.00, that’s good for a 30% gain — so let’s lock in these profits now!

PTR

PLAY: Sell your PTR August 140 Puts (PTR TH) at or above $3.70, good for the day.

Over on the call side, it looks like our DRYS August 60 Calls (DQR HL) and our DO August 105 Calls (DO HA) are starting to finally move in our direction, so maintain each position for more upside. And if anything else comes up throughout the trading day, I’ll be out with further update alerts. But until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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