Take MOS Profits!

Lock in Another 20% Gainer

By Bryan Bottarelli
Friday, December 07, 2007 10:05 AM EST
Fri, 7 Dec 2007 15:05:00 GMT

Dear Bottarelli Research Member,

Let’s close off another strong week of trading by locking in gains on our MOS December 75 Calls (MOS LO). As you recall, we entered this position on December 5th for $4.40, and these calls have traded as high as $5.30 in today’s action. That’s another quick and easy 20% gainer, so let’s lock in these profits now!

PLAY: Sell your MOS December 75 Calls (MOS LO) at or above $5.10, good for the day.

Also continue to maintain your CG January 90 Calls (CG AR). These calls have traded as high as $3.30 today, which is our exact entry price from Tuesday. Like I mentioned yesterday, this is a longer-term play, so let’s ride this continued upside trend into January.

From a tactical note, I don’t expect to make any major new position trades today. It appears like the markets are coasting into the weekend after a very bullish run, so it’s wise to absorb this action and set-up next week. Of course, if a strong play presents itself, I’ll definitely put it out. But for now, we’ll close out the week by playing things light and tight. As always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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