One Gain, One Stop

KSS Puts & MOS Calls Both Triggered

By Bryan Bottarelli
Friday, December 12, 2008 9:41 AM EST
Fri, 12 Dec 2008 14:41:00 GMT

Dear Bottarelli Research Member,

The shock of this morning’s auto-bailout failure has driven the major market averages sharply lower — which has triggered both gains and losses on our open positions.

First off, the KSS January 35 Puts (KSS MG) that we entered for $2.95 have triggered our pre-determined sniper sell at $4.10, so if you haven’t already done so, lock in these gains now!

PLAY: Sell your KSS January 35 Puts (KSS MG) at or above $4.10, good for the day.

At the same time, this morning’s drop has unfortunately stopped us out of our MOS January 35 Calls (MOS AG) at $2.10. Please adhere to this stop price and close out this position as well.

At the same time, continue to hold your AZO January 120 Puts (AZO MD) and your AMGN January 60 Calls (YAA AL). As always, I’ll be out with further updates as the trading day progresses. I’m looking very closely at establishing a new call position in shares of DUG, so keep a lookout for this one coming later (if conditions warrant).

DUG

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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