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November 21, 2009
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Pool Corp. (POOL) Profits
February 23, 2009Sell to close the POOL April 17.50 Puts (QCLPW) for $4.40 or better
Dear Fellow Options Traders,
On Dec. 10, we recommended you buy the Pool Corp. April 17.50 Puts (QCLPW) for $3.80 or better. The stock finally cracked last week after missing earnings.
On Feb. 20, option investors began to close the original position that caused us to open the trade back in December. Today, it appears there is more closing activity.
Although the stock could go lower in this very difficult tape, we believe it is prudent to follow the option signals and collect profits as they present themselves. Sell to close the POOL April 17.50 Puts (QCLPW) for $4.40 or more.
Have a great day trading.
Nick Atkeson and Andrew Houghton
Editors
ChangeWave Options Trader
