Take RIG Profits!

Plus, Flow into MON & QID Calls

By Bryan Bottarelli
Monday, March 23, 2009 3:23 PM EDT
Mon, 23 Mar 2009 19:23:00 GMT

PLAY: Sell your RIG April 65 Calls (RKJ DM) at market, good for the day.

PLAY: Buy the MON April 85 Calls (MON DQ) at or under $4.60, good for the day. Place a protective stop limit at $2.10 and a pre-determined sniper sell at $7.00.

PLAY: Buy the QID April 48 Calls (QID DV) at or under $4.00, good for the day. Place a protective stop limit at $1.90 and a pre-determined sniper sell at $6.00.

Dear Bottarelli Research Member,

My case for “non-action” from your last alert hasn’t lasted too long…

Shortly after sending out this alert, the Blue Chips have shot up to the highs of the day. As a result, the RIG April 65 Calls (RKJ DM) that we entered for $3.00 this morning have just traded as high as $3.70, good for a nice 23% gainer. Let’s go ahead and lock in the gains now!

PLAY: Sell your RIG April 65 Calls (RKJ DM) at market, good for the day.

After locking in those profits, let’s turn around and initiate the two-sided play that I outlined in your last alert. In short, let’s add MON calls for a breakout move, and let’s also add QID calls in case we see any profit-taking in the tech sector tomorrow. Both new plays are outlined below…

PLAY: Buy the MON April 85 Calls (MON DQ) at or under $4.60, good for the day. Place a protective stop limit at $2.10 and a pre-determined sniper sell at $7.00.

PLAY: Buy the QID April 48 Calls (QID DV) at or under $4.00, good for the day. Place a protective stop limit at $1.90 and a pre-determined sniper sell at $6.00.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 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.


Other Options Alerts From March 2009