Add More GMCR Calls
Lower Cost Basis
PLAY: Buy more GMCR November 80 Calls (QGM KP) at market, good for the day. Maintain your $6.00 sniper sell, but lower your protective stop limit to $1.80.
Dear Bottarelli Research Member,
Once again, way to go on Amazon. The stock continues to blast higher, shattering all of my expectations. Give yourselves another pat on the back for this gangbuster play. What an amazing chart!
Looking at our current ledger, we’re now more protected than Fort Knox. Using a combination of FAZ November 18 Calls (FEW KR) and SDS November 38 Calls (SSH KL), any freak market sell-off (like we saw on Wednesday) could lead to some strong profits in our ultra-short plays. Hold.
Armed with this heavy protective artillery, we’re now able to capitalize on any dips in our one remaining call play, the GMCR November 80 Calls (QGM KP). As you know, the trading strategy of adding to this play on any dips has worked tremendously well. Therefore, let’s use today’s slight price dip to add to our calls, lowering our cost basis. From a chart perspective, I still think GMCR is setting up for new highs. Let’s get positioned to ride their next upward push now!
PLAY: Buy more GMCR November 80 Calls (QGM KP) at market, good for the day. Maintain your $6.00 sniper sell, but lower your protective stop limit to $1.80.
And as always…
Lock and load!
Sincerely,
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