Take FAZ Profits!
Lock in 65% Gainer
PLAY: Sell your FAZ November 24 Calls (FAY KW) at market, good for the day.
Dear Bottarelli Research Member,
The decision to add to our FAZ November 24 Calls (FAY KW) was right on the money. As I mentioned when we originally added this position, my intention was to use any dip to add to our play. As the Dow rallied 200 points yesterday, it set up a great opportunity for us to add to our FAZ calls this morning. And now, as the Dow has dipped 255 points, the calls we’re holding for an average entry price of $1.30 have just crossed the tape at $2.15, good for a 65% gainer. Let’s end the week on a high note by locking in these profits now!
PLAY: Sell your FAZ November 24 Calls (FAY KW) at market, good for the day.
Going forward, I think the strategy will be to add FAZ calls on any temporary price dips. You can look forward to these plays (in addition to our Wednesday earnings plays) early next week. 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.