I just realized I want to use this blog more as a trade journal. (maybe I will write more this way)
In Any case my last trade I opened last week was an options contract executed at a price if $2.17 on RIMM. It was a call option expiring in Dec of 2012 at a strike price of $15. The reason for opening this trade is that RIMM is trading below book value (approx $18/share) and P/E of something like 4. All this to say in my world either the price will climb by December on either a basic valuation basis or what I am hoping for is a take over of the company. Either case my break even is RIMM @ 17.17 by Dec.
In Any case my last trade I opened last week was an options contract executed at a price if $2.17 on RIMM. It was a call option expiring in Dec of 2012 at a strike price of $15. The reason for opening this trade is that RIMM is trading below book value (approx $18/share) and P/E of something like 4. All this to say in my world either the price will climb by December on either a basic valuation basis or what I am hoping for is a take over of the company. Either case my break even is RIMM @ 17.17 by Dec.
