Position Update

Maintain RIG, AEM, MOO, FAZ, and AMZN

Dear Bottarelli Research Member,

Good morning. We’re seeing a slight recovery in our call positions today, which is certainly a step in the right direction. In particular, the RIG November 95 Calls (RIG KS) that we’re holding with the average entry price of $2.35 have now traded as high as $2.55, good for a modest gainer. Hold.

At the same time, our MOO November 41 Calls (MOO KO) are trading between $1.55 and $1.70, which is a hair under our $1.80 entry price. With earnings tomorrow from POT and BG, this could offer the catalyst to push us into the black. Hold.

Then, we have our AMZN November 100 Calls (QZN KT), which we’re holding for an average entry price of $3.70. With today’s high price of $3.50, we’re also right in the game. Now remember, AMZN is scheduled to report their earnings tomorrow after the bell. I’d love to use an earnings run-up to lock in gains on our calls, so maintain this position as well. Hold.

We’re also holding the AEM November 75 Calls (AEM KO) for an average entry price of $2.40. With today’s high price of $2.14, an up-tick in gold is all it’ll take to push this play into the money as well. Hold.

And finally, we’re also holding the protective FAZ November 18 Calls (FEW KR). Right at today’s open, these calls hit $2.60, good for a 30% gainer. But before I could even issue the sell alert, they reversed course and dipped back down. This goes to show you just how quickly this market can move. So going forward, let’s set a sniper-sell price at $2.60. That way, you can immediately lock in a 30% gain if your FAZ calls re-test today’s high. Consider this a standing order. Sell at or above $2.60, good until canceled.

As always, I’ll keep you fully informed as the day progresses. Until then…

Lock and load!

Sincerely,