Add to LVS & JASO
Plus, Watch APOL
PLAY: Add to your JASO February 5 Calls (QJP BA) at or under $0.70, good for the day. Lower your protective stop limit to $0.30.
PLAY: Add to your LVS February 7.5 Calls (LJJ BU) at or under $1.10, good for the day. Lower your protective stop limit to $0.50.
Dear Bottarelli Research Member,
First off, congratulations on a really nice play on Visa (V – NYSE). Like I mentioned yesterday, all we needed was a $2.00 down-move to make a sweet 40% to 50% gainer, and that’s exactly what happened this morning. Nice trading!
As it stands right now, we’re holding KSS January 40 Puts (KSS MH), JASO February 5 Calls (QJP BA), and LVS February 7.5 Calls (LJJ BU). Starting with Kohls, I cannot possibly imagine who in their right mind would be buying this stock today, especially with the bad news coming out of Wal-Mart (WMT – NYSE). If the world’s best retailer can’t survive this recession, then how can KSS even stand a chance? Let’s maintain our puts for more downside. This story is far from over.
On the other hand, I’d like to use the February expiration dates — and pending support at their 50-day moving averages — to add to both of our upside call plays. As you can see from the two charts below, both LVS and JASO popped aggressively above their 50-day moving averages, and they’re now looking to re-establish support at this level. If this support level holds (and I think it will), we’ll see forthcoming upside in each stock. Therefore, let’s add to each position now!
PLAY: Add to your JASO February 5 Calls (QJP BA) at or under $0.70, good for the day. Lower your protective stop limit to $0.30.
PLAY: Add to your LVS February 7.5 Calls (LJJ BU) at or under $1.10, good for the day. Lower your protective stop limit to $0.50.
Another interesting situation could come in online education stocks like Apollo Group (APOL – NASDAQ). With the nation on the fast-track to 10% unemployment, there’s a good chance that a large number of people might decide to continue their education while they’re out of work. And what better way to do this than studying online? This could offer a big lift to enrollment numbers at APOL. I’ll monitor this situation closely, and if APOL bounces off the $72.50 level, we could have a nice upside call play.
Until then…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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Two Plays to Kick off 2009
A Speculative Play
One Final Play
Afternoon Update
Take AZO Profits
Add V Puts
Take Visa Profits!
Add to LVS & JASO
Add VAR Puts
Morning Update
Add BG Puts
Opportunities Abound
VAR’s Surprise
Take KSS Profits
Make A Move on MON & ABX
Take BG Profits!
Add MTB Puts
Take MTB Profits
Add RTH Puts
A Speculative Play
Take ESI Profits!
Take ABX and MON Profits
Add MOS Calls
Take MOS Profits!
Take ABX Profits!
Add AEM Calls
Add MHK Puts Now
Two New Plays
Position Update
Ready to Strike
Take AEM Profits
Take HES Profits
Take MOS Profits!
Mid-Day Update
Add CLF Calls
Add OIH Calls
One Good, One Bad
Move on ABX
Add TBT Calls
Take ABX Profits!
A Pending Breakdown?
Add AEM Calls
