Follow-Up: Add DUG Calls

Maintain Buy Orders

By Bryan Bottarelli
Monday, December 01, 2008 10:02 AM EST
Mon, 1 Dec 2008 15:02:00 GMT

PLAY: Buy the DUG December 34 Calls (DZG LH) at or under $3.60, good for the day. Place a protective stop limit at $1.90 and a pre-determined sniper sell at $5.30

Dear Bottarelli Research Member,

It’s pretty clear that DUG floor traders are expecting it to move aggressively higher. That’s why they’ve increased the big/ask spread to between $4.00 and $4.10 on the DUG December 34 Calls (DZG LH).But let’s not play their games. Maintain your buy orders at or under $3.60, and we’ll attempt to scoop up these calls on any down-ticks throughout today’s session.

DUG

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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