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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM
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To: Howard C. who wrote (236)8/19/1999 7:33:00 AM
From: SJS  Read Replies (1) of 989
 
In May, I set up a long stock position. I also set up a straddle for June at 22.5. The stock got called (from 18) and I was "traded out" at about 24 net.

My option plays on RIMM for August have been to short puts (specifically the August 22.5's).

This week, I went long at 24ish, and will probably sell the 30 September calls, and write the 22.5 puts. The theoreticals on the calls show they are slighly undervalued, so I hesitate to sell them that way. I think they need to adjust.

However, if they are going to stay that way, I would be a buyer of the 25's.

Good Luck.

Steve
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