Add FDX Puts
Playing The Next Down-Leg
PLAY: Buy the FDX March 50 Puts (FDX OW) at or under $2.75, good for the day. Place a protective stop limit at $1.65 and a pre-determined sniper sell at $4.00.
Dear Bottarelli Research Member,
Welcome to your new post, Tim Geithner.
In his first major news conference, our newest Treasury Secretary simply re-hashed what everyone already knew — and didn’t give any firm details on his revamped bank rescue. All he said was that his new plan will emphasize stronger balance sheets for U.S. banks. In response, Wall Street basically said, “Oh really? Brilliant idea. Thanks.” And then sold off 300 points. The current Dow chart is shown below:
As you can see, this is a crushing red tick. And in a matter of moments, fear and apprehension has zoomed back into the markets in full force. As a result, I’d like to re-load the put side of the ledger using FedEx Corporation (FDX – NYSE) as our next victim. As you can see from the FDX chart below, the stock has had a nice run lately, but that’s now giving out in today’s session. As a result, I expect to see new lows coming in the days ahead. Let’s profit off this fall using March puts.
PLAY: Buy the FDX March 50 Puts (FDX OW) at or under $2.75, good for the day. Place a protective stop limit at $1.65 and a pre-determined sniper sell at $4.00.
And as always…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.
Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.
CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.
Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.
Take FLR Profits
Add AZO & V Puts
Add to AEM Calls
Correction: Add to AEM Calls
A Dangerous Time
Take TBT Profits!
Afternoon Update
Kicking Off The Stimulus Debate
Three New Plays
Add TBT Puts
Take TBT Profits!
Markets Crumble: Take QID Profits!
Add FDX Puts
Add DUG Calls
Take AEM Profits!
Take DUG Profits!
Another Dangerous Formation
Add TBT Calls
Add UCO Calls
Take FDX Profits
Take TBT Profits!
Two New Plays
Add GS Puts
Watching QID
No Guts, No Glory
Take GS Profits!
It’s “Wait and See” Time
Add TBT Calls
Good News, Bad News
A New Low?
Take QID Profits!
Take GS Profits
One Final Trade
Add PCP Puts
Add KSS Puts
Dow Under 7,000?
Take NEM Profits!
Add CMG Calls
Add QID Calls
Add TBT Calls
Take TBT Profits!
An Aggressive Maneuver
Add TBT Calls
Take QID & PCP Profits!
Add DXD Calls
Take DXD Profits!
