Take WHR Profits, Part II

Second Shot at $2.60

By Bryan Bottarelli
Friday, August 01, 2008 9:52 AM EDT
Fri, 1 Aug 2008 13:52:00 GMT

PLAY: Sell your WHR August 75 Puts (WHR TO) at or above $2.60, good for the day.

Dear Bottarelli Research Member,

Good Friday morning. Since our attempt to sell the WHR August 75 Puts (WHR TO) for $2.60 was next to impossible to get filled, we’re now getting a second exit opportunity today. Therefore, be sure to lock in gains at or above the $2.60 level.

PLAY: Sell your WHR August 75 Puts (WHR TO) at or above $2.60, good for the day.

At the same time, we’re also seeing movement in our LAMR August 35 Puts (LJQ TG), so maintain this position for more gains. And if you’re still holding the BEN August 100 Puts (BEN TT), I’ll continue to follow this play as well. I still think BEN could experience a downside move of magnitude, so maintain your puts to profit off this move.

In terms of our upside calls, the GENZ August 75 Calls (GAA HO) that we entered for $2.90 have indeed offered us a very nice upside safety net in the midst of volatile trading. We’re sitting right at our break even price, so maintain these calls for any forthcoming upside movement. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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