More Volatility

Sit Tight

By Bryan Bottarelli
Monday, July 14, 2008 12:14 PM EDT
Mon, 14 Jul 2008 16:14:00 GMT

Dear Bottarelli Research Member,

After an opening-session advance, fear and uncertainty has once again taken over the major market averages. As you can see below, the CBOE Volatility Index (VIX) is making another upside pop, and this is a tactical warning signal that we should maintain a light ledger in this difficult and choppy market environment.

VIX

As it stands right now, let’s hold our HGX August 100 Calls (HGC HT) and our ICE August 95 Calls (ICE HS), and then refrain from placing any other trades until the markets calm down.

At a time like this, where 100-point rallies flip into 70-point losses in the blink of an eye, this is the most prudent and logical strategy for us to adopt.

As always, I’ll continue to keep a close eye on the markets, but until then let’s play it tight to the vest. 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 July 2008