THIS IS GREAT FOR PROSPECTING!

I quote DAtoo from 2:30 p.m. August 14, 2007, "I'm not bearish at all.  In fact I'm long across the board including in RIMM right now."

 So, imbecile or liar, you be the judge.

[quote=YHWY]

I quote DAtoo from 2:30 p.m. August 14, 2007, "I'm not bearish at all.  In fact I'm long across the board including in RIMM right now."

 So, imbecile or liar, you be the judge.

[/quote]

I only have one position that I hold overnight in my trading account--the RIMM covered/uncovered short.  At the end of 9 out of 10 days I go home fully hedged--covering and shorting the stock dozens of times durng the day.

I use the stock to tune the strategy because I can trade odd lots.  THe stock is always more sensitive to moves than the options are and the commission on a stock trade is less than a commission on the optiions due to the OCC fee paid on options.

Right now I'm short 30 Sep 230 puts and short 2525 shares--making me net long 475 shares.  The 475 were covered at an average of 189.22 including commissions.  I'll begin putting the leg down again by selling into any rallies--such as what's going on right this moment. 

Just so we’re clear, DAtoo is long, he’s short, he’s in cash. Got it?

That should be 220 puts--for those of you who are following along.  There was much more water in the 220 and the lower upside risk point is irrelevant to me.

[quote=YHWY]Just so we're clear, DAtoo is long, he's short, he's in cash. Got it?[/quote]

A few minutes ago I reshorted 100 at 192 so now I"m net long 375--I'll short 375 before the day is over and go home flat.

[quote=YHWY]

I quote DAtoo from 2:30 p.m. August 14, 2007, "I'm not bearish at all.  In fact I'm long across the board including in RIMM right now."

 So, imbecile or liar, you be the judge.

[/quote]

"Or"? Why "or"? Seems to me "AND" is the word you're looking for.

"Or"? Why "or"? Seems to me "AND" is the word you're looking for.

 Fair enough. My mistake.