Take DRQ Profits!

Lock in Quick Gainer

By Bryan Bottarelli
Tuesday, September 29, 2009 9:48 AM EDT
Tue, 29 Sep 2009 13:48:00 GMT

PLAY: Sell your DRQ October 45 Calls (DRQ JI) at market, good for the day.

Dear Bottarelli Research Member,

The continuation move that we expected in Dril-Quip (DRQ – NYSE) has indeed happened. Aside from a little weakening at yesterday’s close, the oil service play continues to push up to new 52-week highs. As a result, the DRQ October 45 Calls (DRQ JI) that we entered yesterday for $4.20 have just hit a high of $4.80, good for a quick 19% gainer. Let’s go ahead and take these profits now!

DRQ

PLAY: Sell your DRQ October 45 Calls (DRQ JI) at market, good for the day.

Maintain your AEM October 65 Calls (AEM JM) and your POT October 90 Puts (PYP VR).

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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