Move on WHR and CTRP Now
Lower Cost Basis, Then Add Downside Positioning
PLAY: Buy more WHR February 85 Calls (OFW BQ) at market, good for the day. Lower your protective stop loss to $1.90.
PLAY: Buy the CTRP February 70 Puts (QCT NN) at or under $4.20, good for the day. Place a protective stop limit at $2.50 and a pre-determined sniper sell at $6.00.
Dear Bottarelli Research Member,
Let’s go ahead and add to our WHR February 85 Calls (OFW BQ). As you know, we entered these calls last week for $3.70, and now they’re trading for $2.55. Let’s use the dip to our advantage. Add more now!
PLAY: Buy more WHR February 85 Calls (OFW BQ) at market, good for the day. Lower your protective stop loss to $1.75.
Let’s also add a small position in CTRP. Since your last alert, CTRP has triggered a new daily low, which indicates more selling pressure ahead. Let’s take a starter position (meaning half of the size you’d normally take) in anticipation of more early weakness tomorrow morning.
PLAY: Buy the CTRP February 70 Puts (QCT NN) at or under $4.20, good for the day. Place a protective stop limit at $2.50 and a pre-determined sniper sell at $6.00.
And as always…
Lock and load!
Sincerely,
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