Two Quick Gainers

Lock in TSO and STP

By Bryan Bottarelli
Tuesday, February 26, 2008 12:21 PM EST
Tue, 26 Feb 2008 17:21:00 GMT

Dear Bottarelli Research Member,

We’ve once again timed a quick market bounce using cheap upside calls.

As I write, the Dow is trading 100 points higher and your STP and TSO calls are each 15% to 25% above you entry price. Therefore, I think we should continue being safe and prudent and lock in both quick-hit winners now!

PLAY: Sell your STP March 40 Call (STP CH) at or above $2.00, good for the day.

PLAY: Sell your TSO March 40 Calls (TSO CH) at or above $3.00, good for the day.

There’s no telling if the market will sell off into the afternoon, so the best advice I can give you is to take your money and run! From a tactical perspective, if you don’t get these prices right way, then maintain your orders into the close of today’s trading (and perhaps into tomorrow’s open). Like we saw with MOS and RIG today (and even AGU!) this market volatility could hand you multiple chances to exit with gains in hand. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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