Take SDS Profits
Lock in Protective Winner
PLAY: Sell your SDS November 38 Calls (SSH KL) at market, good for the day.
Dear Bottarelli Research Member,
We’ve once again seen a sharp and sudden reversal. In 25 minutes, the Dow turned a 90-point gain into a 90-point loss, pushing the Blue Chips back below 10,000. As you can see from the chart, the 10,000 level has been a very stubborn point of resistance. Therefore, like a ping-pong ball, we’re simply bouncing between 9,700 and 10,100. Because of this tight trading range, we must continue to take quick profits off the table.
For today, lets’ lock in gains on our protective SDS November 38 Calls (SSH KL). As you know, we entered these calls for $1.80, and they’ve now hit a high of $2.35, goof for a 30% gainer. Lock in these profits now!
PLAY: Sell your SDS November 38 Calls (SSH KL) at market, good for the day.
At the same time, maintain your Visa November 75 Calls (V KO) and your GMCR November 80 Calls (QGM KP). We all know that the dip buyers could step in and push the market higher once again, so maintain exposure to both sides of the coin. Going forward, don’t be surprised if we re-establish a protective downside play using the FAZ. When it’s time to make such a play, you’ll be the first to know. Until then…
Lock and load!
Sincerely,
© 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.