Take SDS Profits!

Lock in Another Winner

By Bryan Bottarelli
Friday, July 11, 2008 9:39 AM EDT
Fri, 11 Jul 2008 13:39:00 GMT

PLAY: Sell your SDS July 70 Calls (SDS GR) at or above $2.90, good for the day.

Dear Bottarelli Research Member,

The markets are opening with an aggressive move to the downside, and this is offering a nice boost to our SDS July 70 Calls (SDS GR). As you know, we entered these calls yesterday for $2.50 and they’ve opened today’s session by trading as high as $3.00, good for a nice 20% overnight gainer.

Based on the looks of the major market indices, and yet another oil spike, we could see extended weakness going into the weekend. Could this be the “capitalization” selling day? Who knows? But what I do know is that we have yet another profitable trade in hand, and I want us all to lock in these profits now!

PLAY: Sell your SDS July 70 Calls (SDS GR) at or above $2.90, good for the day.

NOTE: Despite another awful week for the major market averages, we were perfect, hitting winners on 9 out of 9 trades this week. Congratulations on these winning trades in difficult market conditions, and looking forward, we’ll keep the streak going! And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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