Take SDS Profits

Lock in 21% Gainer

By Bryan Bottarelli
Monday, September 22, 2008 3:43 PM EDT
Mon, 22 Sep 2008 19:43:00 GMT

PLAY: Sell your SDS October 71 Calls (SBJ JS) at or above $4.10, good for the day.

Dear Bottarelli Research Member,

Under normal circumstances, I’d hold onto our SDS October 71 Calls (SBJ JS) for another day or so. After all, I suspect that the markets will open lower again tomorrow. But as you know, these are certainly NOT normal circumstances. Therefore, the prudent move is to act now. As I write, the SDS calls that we entered for $3.40 have just ticked up to $4.10, good for an intra-day gainer of 21%. I don’t want to let these profits slip away. Therefore, let’s lock in these profits now!

PLAY: Sell your SDS October 71 Calls (SBJ JS) at or above $4.10, good for the day.

Maintain your GLD October 87 Calls (GLD JI), DBA November 33 Calls (DBA KG), KMB October 65 Calls (KMB JM), and TSO October 20 Calls (TSO JD) going into tomorrow. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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