Buying Swing: adding RIMM 70 April calls at 1.75 OVERSIZED.
Posted: Wed Apr 07, 2010 10:20 am
Buying Swing: adding RIMM 70 April calls at 1.75 OVERSIZED. yesterday we sold 1/2 of the position we initially entered at 1.07 but rather than just adding back that position here instead were adding a full OVERSIZED stake making the position a 1.5X OVERSIZEd position. Just as mentioned when we positioned into the calls yesterday and the stock was at 67.90s the bounce target is 72.15 for a partial gap cover.