Take Profits 2X!

Lock in POT & OII, Hold IBM

By Bryan Bottarelli
Thursday, October 11, 2007 9:39 AM EDT
Thu, 11 Oct 2007 13:39:00 GMT

Dear Bottarelli Research Member,

The markets are making a strong open, and this bodes very well for all three of our open call positions. For example:

The POT November 115 Calls (PYP KC) that we entered Tuesday for $5.90 have traded as high as $8.00 today, good for a nice 35% return.

The OII November 80 Calls (OII KP) that we quickly entered yesterday for $5.00 have traded as high as $6.80 today, good for a nice 36% return.

And the IBM November 120 Calls (IBM KD) that we entered on Tuesday for $3.10 have traded as high as $3.70 today, good for a nice 15% return.

Based on these opening session moves, let’s go ahead and lock in our profits on POT and OII while continuing to hold IBM! Here are the two plays:

PLAY: Sell your POT November 115 Calls (PYP KC) at or above $7.90, good for the day.

PLAY: Sell your OII November 80 Calls (OII KP) at or above $6.60, good for the day.

Congrats on these winners. This now increases our track record to 24 winners on our last 27 plays — and I have no intention of stopping anytime soon!

As always, I’ll be out the moment a new trade comes up.

But until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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