Take FAZ Profits!
Lock in 30% Gainer
PLAY: Sell your FAZ November 21 Calls (FAY KS) at market, good for the day.
Dear Bottarelli Research Member,
First off, congratulations on your Visa profits. As I mentioned, this play was sure a wild ride, but the end result was another successful winner. For anyone still holding your Visa calls, keep a close eye on them. If the shares begin to stall (or fail to set a new intra-day high above $77.35), then be sure to lock in your profits. If you did well on this play, feel free to shoot me an e-mail and share your story!
In other news, our two ultra-short positions are offering us tremendous protection against today’s downside market action. As I write, our DXD November 33 Calls (DOF KG) and our FAZ November 21 Calls (FAY KS) are both in the money. And considering the Blue Chips are really struggling to stay above the 10,000 level, there’s much evidence to support maintaining these ultra-shorts at all times.
From a tactical standpoint, I’d like to use today’s dip to lock in our FAZ profits for a quick 30% gainer. This position moves so fast, we can always re-enter it on any forthcoming dips. So on that note, lock in your gains now!
PLAY: Sell your FAZ November 21 Calls (FAY KS) at market, good for the day.
Congratulations on another nice winner. And as always…
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.