Take LVS & FCL Profits!

Lock in Two 16% Gainers

By Bryan Bottarelli
Tuesday, April 08, 2008 12:51 PM EDT
Tue, 8 Apr 2008 16:51:00 GMT

PLAY: Sell your FCL May 60 Calls (FCL EL) at or above $4.20, good for the day.

PLAY: Sell your LVS May 85 Calls (LVS EQ) at or above $5.00, good for the day

Dear Bottarelli Research Member,

The markets are once again engaged in a tug of war that has offered us noting more than neutral trading indicators. Therefore, during this period of indecision, I think it makes sense to capitalize on the profits that we’re showing in our two open call positions.

First off, the FCL May 60 Calls (FCL EL) that we entered earlier this morning for $3.60 have just crossed the take at $4.20. That’s a nice 16% return in less than two hours, so let’s go ahead and lock in these profits now!

PLAY: Sell your FCL May 60 Calls (FCL EL) at or above $4.20, good for the day.

Let’s also lock in profits on our LVS May 85 Calls (LVS EQ). As you know, we entered these calls for $4.30 on April 2nd, and after hitting a high of $5.50 in yesterday’s action, they’ve dropped down a little. As I write, they’ve traded as high as $5.00, so let’s lock in these profit as well!

PLAY: Sell your LVS May 85 Calls (LVS EQ) at or above $5.00, good for the day.

Congrats on these two winners — and as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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