Take TBT Profits!
Lock In 25% Gainer
PLAY: Sell your TBT March 48 Calls (TBT CV) at or above $3.70, good for the day.
Dear Bottarelli Research Member,
In a market like this, the name of the game is locking in quick profits. And in that spirit, I’d like to officially book the 25% gains we have on our TBT March 48 Calls (TBT CV). As you know, we entered these calls January 29th for $2.95, and right now, they’re trading between $3.60 and $3.80 per contract. Let’s lock it in now!
PLAY: Sell your TBT March 48 Calls (TBT CV) at or above $3.70, good for the day.
NOTE: From a chart perspective, TBT could see even more upside ahead. But with gains in hand, let’s take the safe route and lock in the profits. We can always jump back into these calls at a later date.
Our AEM March 60 Calls (AEM CL) are alsopushing higher this morning. Thus far, it looks like our decision to add to this position was well-timed, as AEM is about to break above its 200-day moving average. In a market like this, I’m very bullish on gold, so hold your calls for more upside.
Over on the put side, our V February 50 Puts (V NJ) are currently in the black, but I still think shares have more room to move down. Hold. And in terms of our AZO February 125 Puts (AZO NE), yesterday’s 140-point upside move pushed AZO up, but I’m hoping that the head and shoulders pattern plays out. If it does, we’ll be in position to ride AZO lower. Should any further trading updates come out, you’ll be the first to know. Until then…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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