Add GMCR Calls
Playing Consolidation at $95
PLAY: Buy the GMCR April 95 Calls (O:GMCR 10D95.00) at or under $3.60, good for the day. Place a protective stop limit at $2.10 and a pre-determined sniper sell at $5.50.
Dear Bottarelli Research Member,
First off, congratulations on your PNRA profits. In this market, I cannot stress enough the idea that we must continue taking profits off the table as quickly as humanly possible. The way this market is behaving, this is the only tactical trading strategy that ensures consistent profit-making potential. Now, if you think that we could be leaving money on the table by taking these quick profits, please keep in mind that I’m always willing to jump right back into any position that shows signs of continued strength. That way, you can have comfort in knowing that we’ll always be positioned to profit off a continued upside move – thus eliminating the risk of selling off a big winner too early.
Now, since we sold our PBRA calls, let’s reload our upside ledger by jumping back into Green Mountain (GMCR – NASDAQ). As you can see below, our favorite trading partner has been hammering out a support level at $95.00, which looks to me like the next launching point. Let’s get positioned for the next upside move using April 95 Calls.
PLAY: Buy the GMCR April 95 Calls (O:GMCR 10D95.00) at or under $3.60, good for the day. Place a protective stop limit at $2.10 and a pre-determined sniper sell at $5.50.
And as always…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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