Mattu's Tax Loss Picks

[Bob Zumbrunnen]

I'm really going to be eyeing RIMM puts tomorrow if it overreacts to its news. I like puts when there's a lot of optimism but a lot of temporarily-forgotten reasons to be pessimistic. That's what got me into the PFE's to begin with.

But I may not get the puts even if the stock over-extends. Last time I checked, there was way too much volatility premium priced into both puts and calls for my liking.

And if I can get my PFE puts sold this week, it'll likely be the last time I play them this go-round. The current stock price is, IMO, a lot closer to having the challenges priced in. And PFE assures everyone they're going to be very happy with them between now and February.