Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

RIMM 85 calls $5.00 to $10.80 but the 90 puts picked up on Friday 4.70 are now 3.20 but there is no way of profiting on both, the point is to pick up either position SEPARATELY and lock in during the session as we did on Friday (not much) Now the eventual target in RIMM might be 107 or 90 by the time earnings but even if not, we lock in 75% of the calls for this double without risking the 93K to buy RIMM. We like the hefty popular expensive stocks as options (DNA, RIMM, TASR and GS) so we can get more bang for the buck. Now the 90 puts might also be okay once RIMM drops below 93. Either way we expect a pullback after the report if the price is this high now so RIMM PUTS will be a must for a hedge anyhow.