Take AAPL Profits!

Lock in 22% Gainer

By Bryan Bottarelli
Tuesday, October 28, 2008 3:30 PM EDT
Tue, 28 Oct 2008 19:30:00 GMT

PLAY: Sell your AAPL November 105 Calls (QAA KA) at or above $3.80, good for the day.

Dear Bottarelli Research Member,

Let’s be smart about this market. With the Dow getting close to a +600 point gain, we all know that every rally has been sold off (and sold off hard!) over the following trading sessions. Therefore, let’s use today’s pop to lock in profits on our AAPL November 105 Calls (QAA KA). As you know, we entered these calls yesterday for $3.20, and as I write, they just hit a high of $4.00. Let’s take this 25% gainer and run!

AAPL

PLAY: Sell your AAPL November 105 Calls (QAA KA) at or above $3.80, good for the day.

An up-move like today is exactly why we entered this play yesterday, so congrats on this winner. Going into tomorrow, continue holding your LLL November 75 Puts (LLL WO), DIA November 80 Puts (DIJ WB), and ABX January 17.5 Calls (ABX AW). And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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