Email – #456

It’s been a tough year without a doubt. But, we are going to end it on a high note. We just took profits in Akamai and locked in a potentially huge return by entering into a bull spread that took our money off the table.

This week our US Air Calendar spread expired. Recall we bought our US Air Options (LUL AB) for $0.85 a few months ago. When the stock and option rocketed higher, we booked strong profits for those of you who didn’t want to enter the calendar spread. For those of you who did, we sold the December $12.50 calls against our original position and picked up $0.40 to reduce our cost to $0.45.

Today those options are worth $2.85 for a gain of more than 533%. SELL your US Air January 2010 $10 call options (LUL AB) and book profits of more than 533% now.

Karim