BG Rocking: Lock in Profits!

Plus, Lock in FXI and MICC as Well

By Bryan Bottarelli
Monday, December 03, 2007 2:29 PM EST
Mon, 3 Dec 2007 19:29:00 GMT

Dear Bottarelli Research Member,

What a move on BG! Shortly after entering the BG December 120 Calls (BG LD), BG stock has tacked on another $2.00 of upside — which has increased these calls all the way up to $4.40 in today’s session. That’s already a 25.7% advance from our entry price earlier today, so let’s go ahead and lock in these super-fast gains now!

PLAY: Sell your BG December 120 Calls (BG LD) at or above $4.30, good for the day.

On the same hand, maintain your sell orders on the FXI December 180 Puts (FVU XX) and the MICC December 125 Calls (CQD LE). Each position looks to be moving back to our desired profit levels, but just to be safe, let’s go ahead and take profit son FXI at or above $7.50 and MICC at or above $6.10. That way, we’re ensured of sweeping our gains off the table. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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