Lock in WB Profits!

Take Overnight 86% Gainer

By Bryan Bottarelli
Tuesday, September 16, 2008 9:34 AM EDT
Tue, 16 Sep 2008 13:34:00 GMT

PLAY: Sell your WB October 5 Puts (WB VQ) at or above $1.20, good for the day.

Dear Bottarelli Research Member,

More downside pressure in the financial sector is sending shares of Wachovia (WB – NYSE) lower once again. As a result, the WB October 5 Puts (WB VQ) that we entered yesterday for $0.70 have now traded as high as $1.30. That’s an 86% gain overnight! Therefore, let’s lock in these profits now!

PLAY: Sell your WB October 5 Puts (WB VQ) at or above $1.20, good for the day.

I’ll follow up with further updates later in the trading session, but until then:

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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