MON Spread Hits 32%: Take Profits!
Lock in Pre-Report Gains
PLAY: Sell your MON January 85 Calls (MON AQ) and MON January 80 Puts (MON MP) at market, good for the day.
Dear Bottarelli Research Member,
Good news! The combination of MON January 85 Calls (MON AQ) and MON January 80 Puts (MON MP) that we entered yesterday for $2.05 has now hit a high of $2.70, good for a quick and easy 32% gainer. Typically, you see this type of run-up leading up to an earnings report, which is why positions like this are so profitable. To be honest, I have the feeling that MON will rally on tomorrow’s earnings news. After all, it’s rather difficult to fall $10.00 in three straight earnings reports. But right now, I feel the smartest tactical position is to safeguard our profits. Therefore, I think we should lock in all of our profits now, and officially lock in a quick 32% gainer.
PLAY: Sell your MON January 85 Calls (MON AQ) and MON January 80 Puts (MON MP) at market, good for the day.
NOTE: For all of you speculators out there, the second-best option in this situation is to sell half of your position, and then continue holding the remaining half for more gains. If you choose to take this route, I will continue to follow this position for you leading into tomorrow’s earnings.
And as always…
Lock and load!
Sincerely,
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