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.
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.
It's been a big week in Global Bull Market Alert. You booked 126% profits in Sina Corp (SINA) -- "China's Twitter" -- last Tuesday in just seven trading days. The stock itself is up an eye-popping 72% since my initial recommendation -- soaring 16.1% last week alone. I'll likely be recommending more options on this one, as soon as the stock takes a breather. The current high level of volatility in the stock makes the options quite expensive. Raise your stop to $69.00.
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