Take AEM Profits!

Lock in 35% Gainer

By Bryan Bottarelli
Tuesday, April 07, 2009 9:47 AM EDT
Tue, 7 Apr 2009 13:47:00 GMT

PLAY: Sell your AEM May 50 Calls (AEM EJ) at or above $5.40, good for the day.

Dear Bottarelli Research Member,

Good morning. It looks like our plays from yesterday were right on the money! As I write, the major market averages are pushing lower, which is benefiting our QID April 45 Calls (QID DS). As you know, we entered these ultra-short calls for $2.00, and that’s exactly where they’re trading today. Hold for more gains.

On the same hand, the down-move has triggered a rebound in gold. The AEM May 50 Calls (AEM EJ) that we entered yesterday for $4.08 have now traded as high as $5.48, good for a quick 35% winner. I still think that gold has a lot of room to move up, but I can’t ignore overnight gains like this. Therefore, let’s lock in the profits now!

PLAY: Sell your AEM May 50 Calls (AEM EJ) at or above $5.40, good for the day.

At the same time, the TBT June 44 Calls (TBT FR) that we entered last Friday for $3.32 have traded as high as $4.00 today, good for a 20% winner. Let’s continue to hold this play for more upside.

I’ll follow up later in the day with more updates and trades. But until then,

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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