Take HALF of FXI Profits

Hold Second Half Into Tomorrow

By Bryan Bottarelli
Tuesday, February 05, 2008 3:18 PM EST
Tue, 5 Feb 2008 20:18:00 GMT

Dear Bottarelli Research Member,

As we approach the close of today’s trading, our FXI February 149 Puts (FFP NS) continue to trade at new highs. As I write, these puts just crossed the tape at $8.40, good for a 29% gain off our $6.50 entry price earlier this morning. In a situation like this, let’s go ahead and lock in gains on HALF of our position and hold the remaining half for more selling pressure tomorrow. In a market like this, taking half of our gains represents the most prudent tactical action — so lock in these gains now!

FXI

PLAY: Sell HALF of your FXI February 149 Puts (FFP NS) at or above $8.00. Hold the remaining half into tomorrow.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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