Traders Playground

Buying Swing: buying RIMM 65 May puts at .57-.61 OVERSIZED. This is my initial entry into RIMM puts for May and wish to continue accumulating them for RIMM fell huge after its earnings last week. But because the market was breaking 11k it was able to slowly steadily make u the full gap simply due to the markets strength. What we saw from the earnings was a bleak picture moving forward for rim as it continues to bleed market share and this months and next we should see a large fall possibly back to 60 before Mays expiration. But for now am moving into the less risky and more liquid 65s as her new downtrend begins.