Lock in BHP Profits

Lock In Overnight Gains

By Bryan Bottarelli
Thursday, September 20, 2007 11:37 AM EDT
Thu, 20 Sep 2007 15:37:00 GMT

Dear Bottarelli Research Member,

After tacking on over 400 points over the last two days, there’s a good chance that the markets could take a slight breather. Because of this, I’d like to lock in profits on our BHP October 70 Calls (BHP JN). As you can see below, the stock has established a new 52-week high today, which is bullish going forward. As a result, the calls we entered on the 19th for $3.90 have traded as high as $4.70 today, to let’s make the safe play and take these overnight gains off the table now!

BHP

PLAY: Sell your BHP October 70 Calls (BHP JN) at or above $4.40, good for the day.

At the same time, continue to hold your UA October 65 Calls (UA JM), because hopefully good earnings news out of Nike (NKE – NYSE) after today’s close could offer UA a nice boost.

UA

As always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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