Take BEN Profits!

Lock in 30% Gainer

By Bryan Bottarelli
Tuesday, June 16, 2009 1:07 PM EDT
Tue, 16 Jun 2009 17:07:00 GMT

PLAY: Sell your BEN July 75 Puts (BEN SO) at market, good for the day.

Dear Bottarelli Research Member,

It appears like the timing of our DXD call play was right on the money. As you can see below, the Dow has now dipped underneath the 200-day moving average, as the bears have overwhelmed the exhausted bulls. This has pushed our DXD July 45 Calls (DXD GS) from this morning’s entry price of $3.40 up to $3.80, good for a quick gainer. Hold for more upside.

INDU

But in the meantime, I’d like to lock in 30% profits on our BEN July 75 Puts (BEN SO). We entered these puts yesterday for $3.90, and they’ve now hit a high of $5.25, good for a 34% gainer. Let’s lock in these profits now!

BEN

PLAY: Sell your BEN July 75 Puts (BEN SO) at market, good for the day.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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