Play FCSX Calls

An Extended Play into March

By Bryan Bottarelli
Monday, January 28, 2008 11:52 AM EST
Mon, 28 Jan 2008 16:52:00 GMT

PLAY: Buy the FCSX March 45 Calls (QGD CI) at or under $3.20, good for the day. Place a protective stop limit at $1.20.

Dear Bottarelli Research Member,

As a follow-up to your last alert, I’d like to make a play on FCStone (FCSX – NASDAQ). Over the last hour, the stock has displayed some really nice strength at the $40.00 level, and this upside momentum could be all it takes to extend FCSX’s buying interest throughout the week. As a result, let’s go ahead and enter an upside call play going into March. That way, we can withstand any momentary bumps — and still be positioned to profit off any extended upside going into March. Here’s the trade:

FCSX

PLAY: Buy the FCSX March 45 Calls (QGD CI) at or under $3.20, good for the day. Place a protective stop limit at $1.20.

Also, our FRE February 35 Calls (FRE BG) are hanging tough, so continue to hold this position for any upside momentum leading into Wednesday. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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