Take VIX & SDS Profits!

Fastest Gains Ever?

By Bryan Bottarelli
Wednesday, July 09, 2008 3:13 PM EDT
Wed, 9 Jul 2008 19:13:00 GMT

PLAY: Sell your VIX July 25 Calls (VIX GE) at or above $1.40, good for the day.

*ALTERNATIVE PLAY: Sell your SDS July 70 Calls (SDS GR) at or above $1.85, good for the day.

Dear Bottarelli Research Member,

Jiminy Christmas.Talk about timing the downside perfectly!

Moments after entering the VIX July 25 Calls (VIX GE) for $1.15, the major market averages have taken a dramatic downturn — and this move has pushed these calls all the way up to $1.35. That’s the quickest 17% gain I’ve seen in quite a while, so let’s try to maximize these profits in the best way possible. Set an order for $1.40 and see if you get filled over the next hour of trading.

PLAY: Sell your VIX July 25 Calls (VIX GE) at or above $1.40, good for the day.

Also, if you went ahead and played the SDS July 70 Calls (SDS GR), the news is even better! After entering these calls for $1.40 per contract, they’ve now traded as high as $1.90. Can you say 35% gain in a matter of seconds?! If you entered these calls, then the advice for you in simple: Lock in the profits now!

PLAY: Sell your SDS July 70 Calls (SDS GR) at or above $1.85, good for the day.

Congrats on two more downside market winners! And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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