Take UNP Profits!

Plus, CG Follow Up

By Bryan Bottarelli
Thursday, December 06, 2007 2:03 PM EST
Thu, 6 Dec 2007 19:03:00 GMT

Dear Bottarelli Research Member,

We’re once again looking at a very strong gainer in a short period of time, so let’s continue to follow our successful tactical model of locking in fast profits. Of course, I’m speaking specifically about the UNP December 130 Calls (UNP LF).We entered them this morning for $4.10 and they’ve now traded as high as $5.30, good for a nice and quick 29% gainer. Let’s go ahead and lock in these profits now!

PLAY: Sell your UNP December 130 Calls (UNP LF) at or above $5.00, good for the day.

Also, I’d like to make a quick comment on our CG January 90 Calls (CG AR).I have received a few notes from readers today asking what’s going on with this play, and the answer is “nothing.” Remember, I specifically recommended January contracts on this one because I wanted to take an extended holding time. And unlike some of our other plays, which move immediately in our direction, I fully expect this one to grind its way higher over an extended time horizon. So let’s all be patient here and take advantage of our January expiration. In the meantime, stop reading this and lock in your UNP gains!

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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