Add to ESI Position

Lower Cost Basis Now!

By Bryan Bottarelli
Thursday, September 03, 2009 9:58 AM EDT
Thu, 3 Sep 2009 13:58:00 GMT

PLAY: Buy more ESI September 105 Calls (ESI IA) at market, good for the day. Lower your protective stop limit to $0.90.

Dear Bottarelli Research Member,

First and foremost, congratulations on your AEM October 65 Calls (AEM JM). Its’ always nice hitting an overnight gainer of 40%, wouldn’t you say? Nice trading!

Looking at our existing positions, this leaves us holding the DO September 86.25 Calls (DOH ID), ESI September 105 Calls (ESI IA), and AAPL September 170 Calls (APV IN). Right now, shares of for-profit education firm ESI are sitting right at a strong support level, which warrants lowering our cost basis by adding to our position. As you know, we originally entered these calls on September 1st for $2.65 per contract. They’re currently trading around $1.80 at very strong support. Therefore, let’s add to our position now!

ESI

PLAY: Buy more ESI September 105 Calls (ESI IA) at market, good for the day. Lower your protective stop limit to $0.90.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From September 2009