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ChartPoP

07/16/09 4:43 PM

#665 RE: The_Free_Nebula #664

RSI 14 above 50 now. Looking good for more green imo...

See my board too. tia
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leemalone2k3

07/17/09 7:06 AM

#668 RE: The_Free_Nebula #664

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
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The_Free_Nebula

07/17/09 10:26 PM

#670 RE: The_Free_Nebula #664

RIMM - Maintained...