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Lock in 33% Gainer
PLAY: Sell your FAZ February 17 Calls (FEW BQ) at market, good for the day.
Dear Bottarelli Research Member,
Comments from President Obama have intensified the market sell-off, as he’s getting set to introduce new limits on proprietary trading at big banks – all in an effort to scale back risk in the financial system.
At the same time, the “sell on news” trend continues in the financial sector. As I’ve reported before, this pattern has held true with JP Morgan, Citigroup, Bank of America, and now Goldman Sachs today. Despite reporting a Q4 profit that exceeded forecasts by a wide margin, shares of Goldman are down over $8.00 in today’s action. This trend is exactly why we’ve maintained our FAZ February 17 Calls (FEW BQ). As you know, we entered these ultra-short financial calls on January 15th for $1.60, and as I write, they’ve just hit a high of $2.13, good for a nice 33% gainer. Use this sell-off to your advantage. Lock in profits now!
PLAY: Sell your FAZ February 17 Calls (FEW BQ) at market, good for the day.
And as always…
Lock and load!
Sincerely,
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