Take EXM Profits!

Lock in 48% Gainer

By Bryan Bottarelli
Monday, May 05, 2008 9:39 AM EDT
Mon, 5 May 2008 13:39:00 GMT

PLAY: Sell your EXM June 45 Calls (EXM FI) at or above $4.40, good for the day.

Dear Bottarelli Research Member,

Good morning. At the close of Friday’s trading, we got a really nice upside move on shares of EXM, and this upside pop has continued into this morning. Therefore, let’s go ahead and lock in our profits now!

PLAY: Sell your EXM June 45 Calls (EXM FI) at or above $4.40, good for the day.

At the same time, continue to hold your GS May 210 Calls (GPY EB) and your ABX June 42.5 Calls (ABX FV). I continue to like the idea of owning the financials, and we’re also seeing gold make a nice upside move in gold today. Both positions remain on track.

I also have a few additional positions that could get be “in play” later this morning, so be on the lookout for those as well. We also have earnings from Transocean (RIG – NYSE) on Wednesday and Celgene (CELG — NASDAQ) and Nvidia (NVDA – NASDAQ) on Thursday, so those announcements could spark some trading activity. But until then, congrats on a really nice winner on EXM. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From May 2008