Take ICE Profits!

Lock in 20% Gainer

By Bryan Bottarelli
Friday, October 17, 2008 12:01 PM EDT
Fri, 17 Oct 2008 16:01:00 GMT

PLAY: Sell your ICE November 85 Calls (ICE KQ) at or above $10.50, good for the day.

Dear Bottarelli Research Member,

In a market like this, it’s smart to lock in profits as quickly as possible. And that’s exactly what I’d like to do with our ICE November 85 Calls (ICE KQ). As you know, we entered these calls this morning for $9.00, and as I write, they’ve traded as high as $10.80, good for a quick and easy 20% gainer. Let’s not mess around. Lock in these profits now!

PLAY: Sell your ICE November 85 Calls (ICE KQ) at or above $10.50, good for the day.

*NOTE: Some brokers will put up a fuss if you buy and sell an option within the same day. They call it a “pattern day trader,” which apparently has negative connotations in their world. If you receive any static about this, all you need to do is put up a fuss yourself — and they’ll quickly back down. After all, trading like this is the only way to make money right now. If anyone threatens to restrict your ability to trade in this manner, tell them to go pound salt. After all, it’s your money. No broker should dictate how you trade.

In other news, maintain your HIG November 30 Puts (HIG WZ) for more gains. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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