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.buying swing +RFYJN at .75 OVERSIZED and +RFYJT at .20 LARG

Posted: Tue Oct 06, 2009 11:26 am
by MMASSASSIN
.buying swing +RFYJN at .75 OVERSIZED and +RFYJT at .20 LARGE, ( 70 and 75 RIMM Oct calls ). I have been waiting ever since the dismal Es came out on RIMM for an opportunity to attempt to time a bounce. RIMM is clearly losing the battle against the iphone but after falling from 85 to 65 I think a partial gap cover is in order, mental stops on both of the positions are at stock day lows . The +RFYJT calls are obviously higher risk with 75 strike than the +RFYJN calls , thats why am making it half the money allocation but the potential on this one is also the highest on a bounce. Big smiles on the AAPL puts short yesterday, overnight it has just about made back all of the losses on the puts long I am watching to short AIG puts next again to make back losses.