Take Profit 2x

Lock in MCO and GPRO

By Bryan Bottarelli
Monday, August 20, 2007 3:46 PM EDT
Mon, 20 Aug 2007 19:46:00 GMT

Dear Bottarelli Research Member,

It’s anyone’s guess what will type of volatility we’ll witness during the final fifteen minutes of today’s trading. But one thing is for certain: We’re showing gains of 16% on our MCO puts and 17% on our GPRO calls, and I feel that the wise course of action is to lock in these profits now.

There is always the chance that we’ll see each position increase in value even more, but with gains in hand, I don’t want to take the unnecessary risk of letting these gains evaporate. Therefore, if you can get the sell prices listed below, then lock in your gains now! (*if you cannot get the sell prices listed below, then maintain these positions into tomorrow)

PLAY: Sell your GPRO September 60 Calls (PSU IL) at or above $4.00, good for the day.

PLAY: Sell the MCO September 50 Puts (MCO UJ) at or above $6.00, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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