We entered Universal Forest Products (UFPI) on Tuesday at $41.50.

It’s already up to $46.46.

If you bought the options, sell half of your July $45 calls for $4 or more. That’s a 166% in three days.

If you’re holding the stock, set a sell stop at $39.

In the meantime, I’m going to raise some other sell stops…

The Shaw Group (SHAW) is up 26%. Raise your sell stop to $36.50.

SVB Financial Group (SIVB) is up 22%. Raise your sell stop to $46.

Cytec Industries (CYT) is up 45%. Raise your sell stop to $46.

As usual, I’m churning through scores of earnings reports looking for our next pick. Nothing’s made the grade just yet, but I’m sure something will trip my sensors soon.

Until then, take a minute to send me your feedback at fastcap@whitecapresearch.com.

Ahead of the tape,

Matthew Weinschenk