RIMM Intraday, BEAS follow-up

(for details, pls visit www.OptionPundit.net)

I may play RIMM intraday if it is able to cross $197, but that’ going to be purely speculative to take adavantage via positive delta vs Theta, example will be either a bullish calendar or bull put spread.

BEAS is the one I highlighted y’day due to its unusal volumes. Well, I am pretty well up since y’day and the volume is quite high even today. Check out-Aug 15 calls, over 20K contracts have exchanged hands in less than 45mins of trading.

Profitable trading, OP






4 responses to “RIMM Intraday, BEAS follow-up”

  1. jdemeis Avatar

    did you end up playing RIMM on Friday as it past 197 and stayed around 199 for the remainder of the day. If so, what was your trade? I sold a OTM put spread 185/180 for .75 credit…

  2. OptionPundit Avatar

    Congratulations to those who were able to get in above $197 and lock profit from RIMM’s movement.

  3. OptionPundit Avatar

    I didn’t get time to monitor market so I couldn’t play it. Wish you the very best with the OTM put..as they have announced split, it shd be ok. Recall my posting on MRO in the OPN section of the forum.

  4. […] that I mentioned here , opened as bonus trade only for OPN subscribers is making over […]

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