AI
Thursday, March 25, 2004 12:48:28 AM
Earnings Play April 7--> RIMM April Options Straddle could be one of the best! (not May/June but April) April Options give us 2 more weeks to see where it goes in "anticipatory upswing" which is enough for now. If RIMM blows away the numbers it can still tank after the report. We are preparing other option/stock plays in one of our favorite indexes which is posted for today with the expection of some good moves.
If it runs up enough (or down) before the report, you can make a bundle without paying outrageous prices for May/June options and of course the LUDICRUS stock price. Don't just rap about it, trade it! We will be following this a lot in our newsletter, room and intraday updates (We have a few more lined up already ONLY APRIL EXPIRATION with enough volume to trade it easily either intraday, or for swing moves (like we did with NFLX and RIMM) that report well BEFORE April expiration) We DO NOT buy the entire strangle/straddle right away just the play that comes first, we might trade the option for a few days or more and pick up the MAMA LODE before the report (in the opposite direction) Some traders have picked up April Options in March and lost the entire option waiting for recovery.
This can be the result of buying the next expiration Month. A stock that virtually gets decapitated or given a 'new lease on life' after the report so why hang onto it for another month?
check out what happened to the "call" part of this straddle
RIMM can even be played INTRADAY (6,000=7,000) contracts its absurd not to enjoy this play for just $2 to $4 bucks a pop, rather than $85 to $95. Either way the premium is much lower for April expiration and its all over by the 7th (as are other earnings plays like IBM and a host more)
RIM to Announce Fourth Quarter and Year-End Results on April 7
Tuesday March 23, 4:05 pm ET
WATERLOO, Ontario--(BUSINESS WIRE)--March 23, 2004--Research In Motion Limited (RIM) (Nasdaq:RIMM - News; TSX:RIM - News) will be reporting results for the fourth quarter and fiscal 2004 year-end on April 7, 2004 after the close of the market.
If it runs up enough (or down) before the report, you can make a bundle without paying outrageous prices for May/June options and of course the LUDICRUS stock price. Don't just rap about it, trade it! We will be following this a lot in our newsletter, room and intraday updates (We have a few more lined up already ONLY APRIL EXPIRATION with enough volume to trade it easily either intraday, or for swing moves (like we did with NFLX and RIMM) that report well BEFORE April expiration) We DO NOT buy the entire strangle/straddle right away just the play that comes first, we might trade the option for a few days or more and pick up the MAMA LODE before the report (in the opposite direction) Some traders have picked up April Options in March and lost the entire option waiting for recovery.
This can be the result of buying the next expiration Month. A stock that virtually gets decapitated or given a 'new lease on life' after the report so why hang onto it for another month?
check out what happened to the "call" part of this straddle
RIMM can even be played INTRADAY (6,000=7,000) contracts its absurd not to enjoy this play for just $2 to $4 bucks a pop, rather than $85 to $95. Either way the premium is much lower for April expiration and its all over by the 7th (as are other earnings plays like IBM and a host more)
RIM to Announce Fourth Quarter and Year-End Results on April 7
Tuesday March 23, 4:05 pm ET
WATERLOO, Ontario--(BUSINESS WIRE)--March 23, 2004--Research In Motion Limited (RIM) (Nasdaq:RIMM - News; TSX:RIM - News) will be reporting results for the fourth quarter and fiscal 2004 year-end on April 7, 2004 after the close of the market.
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