Take QID Profits!

Lock in 33% Gainer

By Bryan Bottarelli
Monday, March 30, 2009 9:36 AM EDT
Mon, 30 Mar 2009 13:36:00 GMT

PLAY: Sell your QID April 46 Calls (QID DT) at or above $4.90, good for the day.

Dear Bottarelli Research Member,

Good morning. With the major market averages pushing aggressively lower this morning, the QID April 46 Calls (QID DT) that we entered last week for $3.90 have opened today’s trading at $5.20, good for a nice 33% gainer. While I feel like this pullback could extend for a few more days, I don’t want to pass up an opportunity to lock in gains on this powerful downside push. Therefore, let’s lock in our profits now!

PLAY: Sell your QID April 46 Calls (QID DT) at or above $4.90, good for the day.

At the same time, let’s also hold our AET April 25 Puts (AET PE) for more downside, and our UGL April 33 Calls (UGL DG) for a rush of “protective” dollars flowing into gold. As always, I’ll be out later in the session with more updates. But until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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