Take FCL Profits!

Lock in 24% Gainer

By Bryan Bottarelli
Wednesday, August 20, 2008 9:44 AM EDT
Wed, 20 Aug 2008 13:44:00 GMT

PLAY: Sell your FCL September 60 Calls (FCL IL) at or above $4.10, good for the day.

Dear Bottarelli Research Member,

I mentioned yesterday that names like IPI, AGU, and even RIG could all be setting themselves up for a pop — and this morning all three are moving to the upside. If these gains can continue into the afternoon, then we could have a nice trading opportunity later in the session.

But until then, we’re seeing a nice jump on our FCL September 60 Calls (FCL IL). As you know, we entered these calls yesterday for $3.30 and they just traded as high as $4.10, good for a very nice 24% gainer. Let’s go ahead and lock in these gains now!

PLAY: Sell your FCL September 60 Calls (FCL IL) at or above $4.10, good for the day.

At the same time, hold your SHLD September 85 Puts (KTQ UQ) and your UNP September 75 Calls (UNP IO), as each of these positions are moving in our direction as well. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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