For my aggressive account I decided to do a RIMM straddle trade with it's earnings annoucement this afternoon. This stock is getting a lot of attention and I think we will get a nice move either way depeneding on the announcement.
RIMM Oct 09 90 Purchase CALL/PUT Straddle
2 comments:
Hi there
Wow -- this earnings announcement was definitely treated as a negative by the market. RIMM is getting hammered after hours.
WHat premium did you receive for your straddle? You may be a happy camper on Friday!
Yea, that trade worked nicely.
I paid $2.72 for the 90 Call and
$9.45 for the 90 Put.
Sold the 90 call for .10 this morning and sold the 90 Put for $19.80. =)
I was surprised to see the heavy movement as well. I was pretty sure it would move decent, but wasn't expecting this much.
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