Take AEM Profits!

Lock in a Well-Timed Gold Winner

By Bryan Bottarelli
Wednesday, August 19, 2009 12:32 PM EDT
Wed, 19 Aug 2009 16:32:00 GMT

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

Dear Bottarelli Research Member,

Let’s keep the profit string rolling by taking our short (but sweet) gains on AEM. As you know, we entered the AEM September 55 Calls (AEM IK) this morning when they dipped down to $2.65 per contract. As the day progressed, oil and gold prices firmed up, which has offered a nice boost to our OIH and AEM positions. Since we’ve already locked in gains today on GMCR and OIH, why not make it a 3-for-3 day? As I write, your AEM calls have ticked up to a high of $3.10, good for a 16.9% return in just over two hours. Once again, let’s take the money and run!

AEM

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

On a side-note, I think we’re getting our trading “mojo” back, which is always a good thing. Let’s keep it rolling!

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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