Take PSA and COST Profits!

Lock in Two 21% Gainers

By Bryan Bottarelli
Tuesday, November 18, 2008 1:45 PM EST
Tue, 18 Nov 2008 18:45:00 GMT

PLAY: Sell your PSA December 65 Puts (PSA XM) at or above $8.00, good for the day.

PLAY: Sell your COST December 45 Puts (PRQ XI) at or above $4.00, good for the day.

Dear Bottarelli Research Member,

Over the last 30 minutes, the markets have reversed course — and are now trading in the red. This reversal has pushed most of our put positions into the black, and I’d like to lock in our profits now. The PSA December 65 Puts (PSA XM) that we entered for $6.60 have now traded as high as $8.00, good for a 21% gainer. And the COST December 45 Puts (PRQ XI) that we entered for $3.28 have now traded as high as $4.00, good for another 21% gainer. Let’s lock in both of these winners now!

PLAY: Sell your PSA December 65 Puts (PSA XM) at or above $8.00, good for the day.

PLAY: Sell your COST December 45 Puts (PRQ XI) at or above $3.90, good for the day.

Maintain your other positions for more upside. And as always.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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