Take DECK and UNP Profits

Lock in Gains on Both Positions

By Bryan Bottarelli
Wednesday, January 09, 2008 9:39 AM EST
Wed, 9 Jan 2008 14:39:00 GMT

Dear Bottarelli Research Member,

I’ll make this short and sweet.

We entered the DECK January 130 Puts (QUK MF) yesterday for $6.00 and they’ve traded as high as $7.20 today. We also entered the UNP January 120 Puts (UNP MD) yesterday for $4.90 and they’ve traded as high as $6.00 today.

Let’s lock in gains on both positions now!

PLAY: Sell your DECK January 130 Puts (QUK MF) at or above $6.70, good for the day.

PLAY: Sell your UNP January 120 Puts (UNP MD) at or above $6.00, good for the day.

I’ll be following up on my tactical thoughts on trading in this market environment, but I first want you to lock in gains on both of our put plays.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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