Posted
Jun 30 2008, 08:55 PM
by
Dave Dispennette
Options
RIMM @ $117.61 (Research in Motion) is a stock that we have been involved with for the last couple of year sand we've made a ton of money in it. We are adding the July $110 Calls @ $9.40 to our aggressive accounts. We feel if the market bounces RIMM could see $125 to $130 a share over the next two weeks. This offers us a shot at a nice percentage return over the next three weeks. We will establish a long position on the July $110 Calls at $9.40 and if and when we get a move to the $125 area, we will write (or sell) the July $130 Calls and collect that premium, which should be about $3 or $4 if it happens during the next week. Any questions, call me at (386)756-9728 and I'll walk you through it.
This newsletter has been sent to you for informative purposes only and in no event should be construed as a representation by The Stock Playbook or its employees as an offer to sell or solicitation of an offer to buy any securities. The factual information given is taken from sources we believe to be reliable, but is not guaranteed as to its accuracy or completeness. The opinions expressed should be given only such weight as opinions warrant. employees and/or family members may have a position in the securities mentioned and may make purchase and/or sales of such securities from time to time in the open market or otherwise Recipients of The Stock Playbook prohibited from, directly or indirectly, distributing, forwarding , plagiarizing or copying any part of this message without expressed written consent from The Stock Playbook. Some content may have been based, at least in part, on material gathered from Investor's Business Daily ® and/or YAHOO!®