Add MOS Calls

Re-Load the Upside Ledger

By Bryan Bottarelli
Monday, February 25, 2008 3:04 PM EST
Mon, 25 Feb 2008 20:04:00 GMT

PLAY: Buy the MOS March 120 Calls (MOS CZ) at or under $4.60, good for the day.

Dear Bottarelli Research Member,

After taking nice quick-hit winners on RIG and AGU, we’re once again left holding two downside put positions on NILE and PTR. With the market in rally mode today, I really like the fact that shares of PTR are trading lower, so maintain your PTR March 140 Puts (PTR OH).And faced with a recession, I also think shares of NILE still have more bad news to come, so continue to hold your NILE March 40 Puts (JWU OH) as well. But to correctly balance out our call/put ledger, let’s go ahead and re-load the call side using a new upside play on Mosaic (MOS – NYSE).

MOS

As you can see from the chart, shares of the phosphate fertilizer and potash-based animal feed company are on the verge of breaking out to the upside, so let’s get positioned to ride this momentum using the MOS March 120 Calls (MOS CZ). Let’s add them to our ledger immediately!

PLAY: Buy the MOS March 120 Calls (MOS CZ) at or under $4.60, good for the day. Plan to execute a sniper sell anywhere at or above $5.30. Place a protective stop limit at $2.70.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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