Unwind RIMM

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Aug 15, 2007 3:41 pm

The RIMM trade can be unwound for a debit of 232.25.  That's a gain of 2.75 in three days so I suggest you take it.


When there is a bounce you can probably put it on again for 235 for better.


Let's see 2.75 on 75.50 is 3.64% in three days or 443% per year.

Aug 15, 2007 3:50 pm

Let's see 2.75 on 75.50 is 3.64% in three days or 443% per year.


 Sure, if there was 365 trading days in a year.


 FYI, I sold my 5 SEP $200 RIMM Calls earlier today at $17.80.

Aug 16, 2007 9:03 pm
DAtoo:

Let's see 2.75 on 75.50 is 3.64% in three days or 443% per year.




With all the volatility in the market in the last three days, you only managed to make 3.64%.  Quite impressive.   Now I know you're working with about 15k. 

Aug 16, 2007 9:43 pm
GoingIndy????:
DAtoo:

Let's see 2.75 on 75.50 is 3.64% in three days or 443% per year.





With all the volatility in the market in the last three days, you only managed to make 3.64%.  Quite impressive.   Now I know you're working with about 15k. 


Let me see if I have this right.  This "financial adivsor" thinks that the percentage gain or loss is related to the amount of capital committed to the strategy?


As for the volatility--if he knew what he was talking about he would know that I entered a fully hedged position and as such it would have been impossible for me to take advantage of the volatility.


Can this group be any dumber?

Aug 16, 2007 9:53 pm

Can this group be any dumber?

 Sure, just invite a friend to join us...Oh, sorry, I didn't think that through. No offense at bringing up such a painful subject.

Aug 16, 2007 10:32 pm
DAtoo:
GoingIndy????:
DAtoo:

Let's see 2.75 on 75.50 is 3.64% in three days or 443% per year.




With all the volatility in the market in the last three days, you only managed to make 3.64%.  Quite impressive.   Now I know you're working with about 15k. 


Let me see if I have this right.  This "financial adivsor" thinks that the percentage gain or loss is related to the amount of capital committed to the strategy?


As for the volatility--if he knew what he was talking about he would know that I entered a fully hedged position and as such it would have been impossible for me to take advantage of the volatility.


Can this group be any dumber?



Where in the post did you mention hedged position?  If it's from another, I didn't see it.  This is the first I've logged in here in a few days.

Aug 16, 2007 10:36 pm
GoingIndy????:
DAtoo:
GoingIndy????:
DAtoo:

Let's see 2.75 on 75.50 is 3.64% in three days or 443% per year.





With all the volatility in the market in the last three days, you only managed to make 3.64%.  Quite impressive.   Now I know you're working with about 15k. 


Let me see if I have this right.  This "financial adivsor" thinks that the percentage gain or loss is related to the amount of capital committed to the strategy?


As for the volatility--if he knew what he was talking about he would know that I entered a fully hedged position and as such it would have been impossible for me to take advantage of the volatility.


Can this group be any dumber?




Where in the post did you mention hedged position?  If it's from another, I didn't see it.  This is the first I've logged in here in a few days.


Are you saying you put your mouth in gear while your brain was in neutral?

Aug 16, 2007 10:47 pm

DAtoo, sometimes the mouth speaks and the brain sits back in the lazy boy.  Time for Sports Center. 

Aug 17, 2007 1:59 pm
Aug 17, 2007 2:02 pm
ymh_ymh_ymh:

Based on its action today I suppose the report is positive--what's his target price and time frame?

Aug 17, 2007 2:10 pm
Aug 17, 2007 2:17 pm
ymh_ymh_ymh:


Cramer's the same emotional wreck on the subject of Big Ben as he's always been, just on the opposite side of the issue. The boy's a hysteric and drama queen.

Aug 17, 2007 2:28 pm