Take LVS Profits!

Lock Up Quick Gainer

By Bryan Bottarelli
Friday, August 10, 2007 1:01 PM EDT
Fri, 10 Aug 2007 17:01:00 GMT

Dear Bottarelli Research Member,

Let’s take our quick gainer on Las Vegas Sands (LVS – NYSE) off the table. After entering the LVS September 100 Puts (LVS UT) for $5.20, the stock has continued to move lower on the day. This has pushed these puts up to $6.30, so let’s take the money and run!

PLAY: Sell your LVS September 100 Puts (LVS UT) at or above $6.10, good for the day.

Also, as I mentioned earlier, I’d like to maintain our ICE September 170 Calls (IHH IN). The September expiration will work to our advantage, and I think the stock is poised for an upside pop.

ICE

Another stock on my “radar” is Cummins (CMI – NYSE). As you can see from the chart, the stock is establishing a strong support point right at the 50-day moving average, but let’s save this potential trade for early next week.

CMI

Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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