Volatility Trader Alert
Dear Subscriber,
Sometimes, everything comes down to the bottom of the 9th inning…
And that’s exactly where we’re at with Digital Reality Trust (NYSE: DLR). Expiration is tomorrow, so it’s very important to watch this position very carefully.
As of now, we’re slightly down, even though the option is in the money. However, the REIT has been displaying poor relative strength over the past week and could easily crumble more tomorrow…
The stock is currently trading at $38… I’m seeking more downside for our July $40 puts (DLR SH) in Friday’s session.
However, if the stock trades above $38.51 (today’s high) TODAY, please close the position immediately. We do not want to lose any value in the option, should bulls attempt a last minute run.
If the stock does not trade above $38.51 today, please expect another email in the morning with further guidance.
Exit is everything,
Mark Whistler
Current Portfoli
Pulte Homes (NYSE: PHM)
Oct 2007 $22.50 calls PHM-JX
Purchased: 7/06/2007
Current Price: $1.85
Novatel Wireless (Nasdaq: NVTL)
Dec $22.50 puts NVU-XX
Purchased: 6/29/2007
Current Price: $1.05
Mosaic (NYSE: MOS)
Sep 07 $35 puts MOS-UG
Purchased: 6/14/2007
Current Price: $1.05
International Coal Group (NYSE: ICO)
Dec 07 $5 calls ICO-LA
Purchased: 5/21/2007
Current Price: $1.10
Digital Realty Trust (NYSE:DLR)
July 07 $40 puts DLR-SH
Purchased: 3/14/2007
Current Price: $1.80
If you have any questions, feel free to call one of our VIP Trading Services representatives at 888.570.9830 (toll-free) or e-mail: viptrader@oxfordclub.com, or contact Pillar One Advisors Ron McCoy, Gunn Allen at 800.720.6576 or Neil Fern, RMB Group at 800.831.3114.
Bi
Mark Whistler is a specialist in high-level trading techniques, and has worked as a licensed trader on various trading floors for over a decade. He is the editor of The Volatility Trader and is an Advisory Panelist for Xcelerated Profits Report through Mt. Vernon Research. Mark has written for The Motley Fool, Active Trader Magazine, BullMarket.com, OptionInvestor.com, and Working-Money online. His first book, Trading Pairs (published by John Wiley & Sons, Inc.), appeared on shelves in 2005. The work is a comprehensive guide to pairs trading and statistical arbitrage. His second book, Trade with Passion and Purpose, has been on shelves since February of 2007. Whistler also writes regularly for Investopedia.com, TraderDaily.com and TraderMonthy Magazine.
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