Pre-Market Alert: Take Remainder of CAT Profits

Stock Up After Earnings

By Bryan Bottarelli
Tuesday, July 22, 2008 9:27 AM EDT
Tue, 22 Jul 2008 13:27:00 GMT

Dear Bottarelli Research Member,

This is a quick pre-market alert for anyone who held onto HALF of your CAT August 70 Calls (CAT HN).

From the looks of this morning’s trading, your decision has paid off, as CAT is up 3% in pre-market after reporting a Q2 net income increase of 34% ($1.74 per share) versus $1.24 a share one year-ago period. Let’s use this opening-session strength to lock in the remainder of our profits!

PLAY: At the open of trading, sell the second half of your CAT August 70 Calls (CAT HN), good for the day.

At the same time, hold your SDS August 70 Calls (SDS HR), HES August 110 Calls (IGG HB), and PCU August 30 Calls (PCU HF) for further upside. The major market averages will open lower this morning, which will be good for our SDS calls. Not only that, but gold is up this morning, which should offer a lift for our PCU calls as well. When it’s time to take further profits on any of these positions, you’ll be the first to know. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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