Categories: Bull Market Alert HotlinesStock Market News

Booking Yet another Pair of 140%-Plus Options Gains

With your PAL March $7.00 calls up 140% and your RIG May $80.00 calls up 146%, sell all of your remaining options to lock in your triple-digit percentage gains. Note that your RIG options gained this amount in only six trading days.

Rest assured, I intend to recommend new options on each of these in the near future on any sign of an (inevitable) pullback. Recall that I did the same with Sina Corporation.

If you would like a reminder of my philosophy regarding taking profits in options trades, you can review my introductory video to Global Bull Market Alert.

On the down side, I am recommending that you close out your UEC Feb $7.50 calls at a loss. These actually doubled in price yesterday — but the chances of UEC hitting $7.50 in a month are slim. Best to cut your losses here.

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.