Volatility Arbitrage (ARB)

[dr_praeses]

RIMM ~ trades on OE day

bought back 1 of those short calls @ 0.80, then one later @ 0.40, and then traded out of the 100p @ 9.50. At then end of the day, turned the remaining put into a short vertical; have a $7 delta, so fairly flat on my small RIMM position for now, but profit is in hand. Was on the road to Michigan State for the weekend so couldn't post. Had to make some trades on my phone, and finally just call my broker to help me out.

SOLD -1 RIMM 100 MAR 08 96.625 PUT @7.05 CBOE
MOBILE BOT +1 RIMM 100 FEB 08 95 PUT @.40 PHLX
MOBILE SOLD -1 RIMM 100 MAR 08 100 PUT @9.50 PHLX
BOT +1 RIMM 100 FEB 08 95 PUT @.80 PHLX
SOLD -1 RIMM 100 FEB 08 95 PUT @1.07 PHLX
BOT +1 RIMM 100 MAR 08 93.375 PUT @5.15 PHLX
SOLD -1 RIMM 100 FEB 08 95 PUT @1.08 PHLX
BOT +1 RIMM 100 MAR 08 100 PUT @8.25 PHLX