Let’s Be Nimble

Take CMI Profits

By Bryan Bottarelli
Wednesday, October 03, 2007 11:13 AM EDT
Wed, 3 Oct 2007 15:13:00 GMT

Dear Bottarelli Research Member,

It’s been a choppy day of trading — and it looks like we’ll continue to see this choppiness leading right into Friday’s key unemployment report. Case in point, look no further than Cummins (CMI – NYSE). After opening lower by $2.00, the stock is now trading to the upside — and this has pushed your CMI October 140 Calls (CDM JH) up to a high of $4.20. That’s a nice little 31% gain off yesterday’s entry price — so I feel it’s wise to be nimble and take these profits off the table now.

PLAY: Sell your CMI October 140 Calls (CDM JH) at or above $3.90, good for the day.

Also, I’ll continue to watch names like DRYS, RIMM, GRMN for possible trading opportunities. And if you happened to look at LVS and WYNN today, you’ll see exactly why I have yet to initiate a new trade. The volatility is these two is incredible!

The moment a new trade gives the green light, you’ll be the first to know. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From October 2007