Take AIG and AEM Profits

Lock in Modest End of Week Gains

By Bryan Bottarelli
Friday, July 17, 2009 9:38 AM EDT
Fri, 17 Jul 2009 13:38:00 GMT

PLAY: Sell your AEM August 55 Calls (AEM HK) at market, good for the day.

PLAY: Sell your AIG August 15 Puts (AIG TO) at market, good for the day.

Dear Bottarelli Research Member,

Good morning. It’s a mixed bag of earnings today, as Google and General Electric’s weakness is combating strength from IBM. Combine that with an expiration Friday, and you just might see a day of sluggish trading. As a result, let’s close the week by locking in gains on two of our current positions.

The AEM August 55 Calls (AEM HK) that we entered on July 15th 2009 for $2.90 have opened the day at $3.40, good for a 17% gainer.

The AIG August 15 Puts (AIG TO) that we entered on July 14th 2009 for $3.70 have opened the day at $4.25, good for a 14.8% gainer.

Let’s lock in both gains now!

PLAY: Sell your AEM August 55 Calls (AEM HK) at market, good for the day.

PLAY: Sell your AIG August 15 Puts (AIG TO) at market, good for the day.

Then, let’s hold onto our DXD August 46 Calls (DXD HT) and our MS August 28 Puts (MS TS) for a coming pullback. As always, I’ll keep you fully informed throughout the trading session Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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