Take RIMM Profits!

Lock in a Quick Gainer

By Bryan Bottarelli
Wednesday, September 26, 2007 9:43 AM EDT
Wed, 26 Sep 2007 13:43:00 GMT

Dear Bottarelli Research Member,

As expected, shares of Research In Motion (RIMM – NASDAQ) are quickly moving towards $100 per share, and this has pushed our RIMM October 95 Calls (RUL JS) from our entry price of $6.80 up to $10.30 today. That’s a nice little 51% gainer, so let’s go ahead and lock in the gains now!

PLAY: Sell your RIMM October 95 Calls (RUL JS) at or above $10.00, good for the day.

Looking at our other positions, continue to hold your ICE October 155 Calls (IHH JK), SHLD October 125 Puts (KTQ VE), and your UA October 65 Calls (UA JM). With the markets are opening higher, and I’d like to maintain an upside bias by overweighting the call side of the ledger — and that’s exactly what we have now. Should any new trading opportunities present themselves, you’ll be the first to know. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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