Take BHP Profits, Part II

Second Chance to Lock in Gains

By Bryan Bottarelli
Friday, September 21, 2007 9:36 AM EDT
Fri, 21 Sep 2007 13:36:00 GMT

Dear Bottarelli Research Member,

As I expected, Nike (NKE – NYSE) beat estimates with a 51% profit increase — driven privately by a tax benefit and gains in Europe and Asia. The stock is opening up $2.00 to reach a new 52-week high at $60.99, and a carry-over effect from these positive results should bold well for Under Armour (UA – NYSE). Maintain your UA October 65 Calls (UA JM).

Also, if you were not able to get filled yesterday on your BHP October 70 Calls (BHP JN), you should get another opportunity this morning. BHP is opening up $1.44 to reach a new 52-week high at $72.78, and this has already pushed your calls up to a high of $4.90. Let’s try to once again lock in these gains!

PLAY: Sell your BHP October 70 Calls (BHP JN) at or above $4.60, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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