Ring Up PSA Profits

Lock In Sniper Sell at $5.30

By Bryan Bottarelli
Thursday, March 06, 2008 2:40 PM EST
Thu, 6 Mar 2008 19:40:00 GMT

PLAY: Sniper Sell your PSA April 80 Puts (PSA PP)

Dear Bottarelli Research Member,

Our pre-determined sniper sell at $5.30 just triggered on our PSA April 80 Puts (PSA PP). As a quick refresher, we entered these yesterday for $4.50, so selling at $5.30 locks in a quick and easy 17.7% gainer. Be sure to lock in these profits now!

Also, maintain your ABX April 50 Puts (ABX PJ), as today’s red candlestick is engulfing yesterday’s green candlestick — and this points to further weakness on the horizon. Maintain these puts with a $3.30 sniper sell target.

ABX

Over on the call side, continue to hold your DE April 90 Calls (DE DR) and your JASO April 15 Calls (QJP DC).As we all know, this market can turn on a dime, so we’ll want to be properly positioned to profit off any sharp upside move. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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