Take SDS Profits!

Lock in 32% Gainer

By Bryan Bottarelli
Tuesday, September 09, 2008 2:25 PM EDT
Tue, 9 Sep 2008 18:25:00 GMT

PLAY: Sell your SDS September 69 Calls (SDS IQ) at or above $2.50, good for the day.

Dear Bottarelli Research Member,

As expected, the major market averages are now in the process of giving up a chunk of yesterday’s losses. As a result, the SDS September 69 Calls (SDS IQ) that we entered for $1.90 have now traded as high as $2.50, good for an overnight gain of 32%. Therefore, let’s continue our strategy of locking in quick profits and take our money off the table now!

SDS

PLAY: Sell your SDS September 69 Calls (SDS IQ) at or above $2.50, good for the day.

Once again, congrats on another quick downside market winner. We’ll continue making these directional plays when the best opportunities present themselves. At the same time, continue to hold your DUG September 44 Puts (DUG UR) for a pending snap-back in the oil/energy sector. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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