A Perfect Fade: Lock in DXD Profits

Bank Quick 16% Gainer

By Bryan Bottarelli
Wednesday, June 24, 2009 3:19 PM EDT
Wed, 24 Jun 2009 19:19:00 GMT

PLAY: Sell your DXD August 48 Calls (DXD HV) at or above $5.00, good for the day.

Dear Bottarelli Research Member,

It appears like we played today’s Fed announcement to perfection. This morning, we used the market’s upside to grab the DXD August 48 Calls (DXD HV) for the low price of $4.30 per contract. As the morning turned into the afternoon, the Fed issued their policy statement without mentioning any further market stimulants (such as buying more Treasuries), and this quickly turned a 100-point gain into a 50-point loss. As a result, your DXD calls have now traded as high as $5.00, good for a quick and easy 16% gainer. Let’s go ahead and lock in these profits now!

PLAY: Sell your DXD August 48 Calls (DXD HV) at or above $5.00, good for the day.

Congratulations on a well-timed winner. And at the same time, continue holding your TBT July 52 Calls (TVT GZ) and your GS July 135 Puts (GS SG), both of which are moving in our direction as well.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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