Take SDS Profits!

Markets Turn Aggressively Lower, Part II

By Bryan Bottarelli
Tuesday, September 01, 2009 12:56 PM EDT
Tue, 1 Sep 2009 16:56:00 GMT

PLAY: Sell your SDS September 45 Calls (SSH IS) at market, good for the day.

Dear Bottarelli Research Member,

Call me paranoid, but considering how the bulls have bought into every single market bounce over the last five months, I don’t want to let profits that we have slip through our fingertips. Therefore, let’s go ahead and lock in profits on our SDS September 45 Calls (SSH IS).

As you know, we’re holding these ultra-short calls with an average entry price of $1.55. As I write, they’ve traded for a high of $2.10, good for a 35% gainer. Let’s take the money and run! After all, we cal always re-enter on any dip.

PLAY: Sell your SDS September 45 Calls (SSH IS) at market, good for the day.

Congratulations on your winners today on SHLD, SDS, and PRU. This makes three winners compared to one “safety-net” loser on AMZN. In this market, that’s great trading! And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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