Take BEN Profits!

Lock in 28% Gainer

By Bryan Bottarelli
Friday, February 29, 2008 9:41 AM EST
Fri, 29 Feb 2008 14:41:00 GMT

PLAY: Sell your BEN March 95 Puts (BEN OS) at or above $2.50, good for the day.

Dear Bottarelli Research Member,

The markets are opening this Friday session with a sharp move to the downside, and this is providing a list to our BEN March 95 Puts (BEN OS). We entered these puts yesterday for $2.10 and they’ve already traded as high as $2.70 today, good for a quick 28.57% overnight winner. Let’s go ahead and lock in these profits now!

PLAY: Sell your BEN March 95 Puts (BEN OS) at or above $2.50, good for the day.

At the same time, maintain your JASO April 15 Calls (QJP DC) and your DO March 130 Calls (DO CF), as we all know how quickly this market can pop back.

I’ll be out with further updates as the day progresses, but until then:

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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