Pre-Emptive Sell Alert: Take DXD Profits!

Rake In Another 25% Gainer

By Bryan Bottarelli
Wednesday, October 28, 2009 2:14 PM EDT
Wed, 28 Oct 2009 18:14:00 GMT

PLAY: Sell your DXD November 33 Calls (DOF KG) at or above $2.00, good for the remainder of the day.

Dear Bottarelli Research Member,

Let’s keep the profits rolling today, which means locking in gains on our DXD November 33 Calls (DOF KG). As you know, we entered these ultra-short calls yesterday for $1.60, and they just crossed the tape for a high of $2.00, good for a quick 25% gainer. As I write, they’ve dipped back down to $1.90, but with the market internals continuing to look ugly, I bet we’ll see these calls tick higher going into the close. So, as a standing order for the remainder of the day, go ahead and take your DXD profits anywhere at or above $2.00.

DXD

PLAY: Sell your DXD November 33 Calls (DOF KG) at or above $2.00, good for the remainder of the day.

As I mentioned before with FAZ, we can always jump back into a new round of ultra-short plays if the market conditions warrant. But for now, let’s use any end-of-day weakness to lock in another nice winner. Congrats on another quick hit. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli
Editor, Bottarelli Research

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