A New Attempt

Add JASO Calls

By Bryan Bottarelli
Wednesday, February 27, 2008 11:19 AM EST
Wed, 27 Feb 2008 16:19:00 GMT

PLAY: Buy the JASO April 15 Calls (QJP DC) at or under $2.50, good for the day.

Dear Bottarelli Research Member,

I’m sure you noticed what a powerful move we caught yesterday on shares of Suntech Power Holdings (STP – NYSE). Within an hour of entering the STP March 40 calls (STP CH) for $1.55, they traded up to $2.05 and we locked in a nice 32.26% gainer. But after that, shares of STP continued to blast even higher, and these calls hit a high as $3.20 by the close of trading. That’s a 100% move in less than 3 hours! I bring this up not to cry over selling too early — but rather to display just how powerful the upside moves can be in these solar names. If we time our entries correctly, the gains can be remarkable. Keeping this back-drop in mind, I’d like to introduce today’s stock chart of JA Solar Holdings (JASO – NASDAQ).

JASO

Similar to STP, shares of JASO have taken quite a substantial hit recently. But as you can see from the chart, they are now finding a level of support at their 200-day moving average. The last time shares of JASO tested the 200-day moving average, they bounced all the way up past $20.00. We could have a similar upside move about to take place right now, and therefore I’d like to enter a new upside call play on JASO. But unlike our latest call plays, I’d like to take on a longer-term time horizon with this one. Since the JASO call options are so cheap, let’s go out into April and look to catch a $5.00 upside move.

If we can time it correctly, we could have another strong upside winner “in play” very soon! Let’s get positioned now:

PLAY: Buy the JASO April 15 Calls (QJP DC) at or under $2.50, good for the day. Place a protective stop limit at $1.20. Do not place a sniper sell at this time, as I’d like to give JASO some room to run.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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