BlackBerry Limited (BB)

[leemalone2k3]

Which options did you play?
I currently hold an Aug 60/65 bull put credit spread.

I bought the Aug 60 puts at 1.87 last week on the downturn and should've taken profits, but thought it would break support and drop further. It didn't. So I sold some 65 puts at 3.70 when it turned this week. As long as RIMM remains above 65, the trade will be profitable at 1.83/contract. If rimm starts to pull back, I'll probably cover the short 65 puts. and maybe buy some 70 puts.

I expect we will see some volatility crush today on expiry. This could be a good time to sell some premium if the crush comes in.
gl,
lm2k3