Buying Swing: adding RIMM 50 calls Aug at .98 area OVERSIZED
Posted: Tue Aug 17, 2010 3:38 pm
Buying Swing: adding RIMM 50 calls Aug at .98 area OVERSIZED the same calls added today at .82 making the position 2X OVERSIZED. RIMM technically oversold and on my setups believe a multiday bounce may here begin. Am also watching the 50 aug puts if we move above 50 with strength. multiday positive on the verge of clearing but not yet cleared on my formulas and the market after such a strong move up may shake further but regardless believe markets will bounce more tomorrow. Watching AAPL sept 270 calls they have a lot of premium already have not pulled trigger on a buy there yet.