Take LVS Profits!

Lock in Sniper Gain

By Bryan Bottarelli
Wednesday, February 20, 2008 9:54 AM EST
Wed, 20 Feb 2008 14:54:00 GMT

PLAY: Sniper Sell your LVS March 85 Puts (LVS OQ), good for the day.

Dear Bottarelli Research Member,

As I mentioned yesterday, I really don’t like the looks of the current Dow chart. As you can see below, yesterday’s rally was completely rejected, which should confirm that the next significant move would take the Blue Chip average underneath the 12,000 level. Check it out below:

INDU

As a result, I’d like to remain biased to the downside using put options. And this morning, as the markets are falling lower, our LVS March 85 Puts (LVS OQ) traded as high as $4.90 per contract, triggering our pre-determined sniper sell level. If you haven’t already done so, lock in these profits now!

LVS

PLAY: Sniper Sell your LVS March 85 Puts (LVS OQ), good for the day.

At the same time, continue holding your NILE March 40 Puts (JWU OH). And I’ll look to add even more put trades as the day progresses. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From February 2008