Take FAZ Profits!

Lock in Quick 33% Gainer

By Bryan Bottarelli
Wednesday, April 15, 2009 9:35 AM EDT
Wed, 15 Apr 2009 13:35:00 GMT

Dear Bottarelli Research Member,

Good morning. As we open today’s session, the financial pullback that we expected on Monday is still working its way through the markets. This has pushed our FAZ May 10 Calls (FAY EB) from $2.70 up to $3.60, good for a 33% gainer. All of a sudden, fear is creeping its way back into the markets, so this financial-lead pullback could extend a lot further. But for today, let’s go ahead and lock in our profits (we can always re-enter FAZ calls on any dips).

PLAY: Sell your FAZ May 10 Calls (FAY EB) at or above $3.50, good for the day.

I’ll follow up 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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