RIMM - Earnings Play

lol... nice play ... im being greedy, trying to squeeze a bit more out of my apr 125 calls before the end of the day, already +38%
 
i mistakingly bought them HEAVILY overpriced yesterday at 4.20....
they opened down heavy but i bought more at 2.11 and lowered my dollar cost to about 3.15..
sold at 4.65
 
i bought at 116 at the close.... sold at 123 in the rush up, then whipsawed.

Made the mistake of not holding much in the account I manage for someone else, could have made him a ton more today (+5K in that account, which for me is a good day)

RIMM earnings have always been good to me.

Made a killing last year in the earnings when they announced the split, bought a bunch of calls at 2.15 a piece, sold the next day at close to 20 a pop...

Too bad there's not much of a pop on those now.
 
Quote from jazzsax:

Why does this make you a bad trader? The trade is still profitable....

We all start off somewhere.
More...
Thanks. I got stopped out of the trade, I set my stop at 121. Net loss about 25 bucks. Live and learn.
 
You must log in or register to reply here.
Back
Top