Take PCP Profits!

Lock in 20% Gainer

By Bryan Bottarelli
Monday, March 03, 2008 9:40 AM EST
Mon, 3 Mar 2008 14:40:00 GMT

PLAY: Sniper Sell your PCP March 110 Puts (PCP OB)

Dear Bottarelli Research Member,

As we begin the first trading day of March, the Dow is at a critical decision point.

INDU

Do the Blue Chips call the 12,250 level support, like they did on two occasions in February, or does this level fail? (which sparks a re-test of the January 2008 lows).

As we wait for our answer, it’s time to take our “sniper” profits off the table on our PCP March 110 Puts (PCP OB).If you recall, we entered these puts on February 29th for $3.80, and they just triggered our sniper sell target at $4.50 this morning. If you haven’t already done so, lock in your gains now!

Let’s also maintain our JASO April 15 Calls (QJP DC) and our DO March 130 Calls (DO CF) for any market upside pop. As always, I’ll be out with further commentary as the day progresses. But until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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