Take OIH Profits

Lock in Quick Gainer

By Bryan Bottarelli
Wednesday, June 03, 2009 9:36 AM EDT
Wed, 3 Jun 2009 13:36:00 GMT

PLAY: Sell your OIH June 110 Puts (OIH RB) at market, good for the day.

Dear Bottarelli Research Member,

Our quick downside play on oil is playing out this morning, as the Oil Service Holders (OIH – NYSE) has opened this morning’s session down $2.70. As a result, the OIH June 110 Puts (OIH RB) that we entered yesterday afternoon for $4.40 have opened today around $5.40, good for a quick 22% gainer. As I mentioned, this play was designed as a quick counter-move position, so let’s act fast and lock in our gains now!

PLAY: Sell your OIH June 110 Puts (OIH RB) at market, good for the day.

Congratulations on a quick winner. I’ll follow up later in the session with more updates.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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