Quote from bbmat:
Well, sorry to hear, but you learned your lesson and it sounds it was a very cheap lesson, indeed. Recommend 1) you dont blindly listen and put on a position mentioned on "Fast Money" in the future (your position sounds very similar to what was mentioned about the TV show on another thread), 2) as mentioned, dont ever again take off your hedge if you put it on as a hedge in the first place, 3) minimize transaction costs (most traders who would barely break even end up with a loss because of transaction costs. While you cant eliminate them you can optimize them, meaning here......trade the call (although for your particular view on RIMM there would have been better and cheaper strategies out there, already mentioned by another poster)
