Take DO Profits

Plus: Watch TBT

By Bryan Bottarelli
Thursday, April 02, 2009 12:00 PM EDT
Thu, 2 Apr 2009 16:00:00 GMT

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

Dear Bottarelli Research Member,

Let’s go ahead and zero out our current trading ledger by locking in profits on our DO April 65 Calls (DO DM). As you know, we entered these calls on Tuesday for $3.40, and they’ve now hit a high of $4.20, good for a quick 23% gainer. With oil prices aggressively higher today, let’s not let these profits go to waste. Lock it in now!

DO

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

Going forward, we could have a new upside call play on TBT in the works, so I’ll be keeping a close eye on this one for a new position.

TBT

When it’s time to move, you’ll be the first to know. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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