Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (87587)	5/28/2009 8:34:54 PM
From: Real Man	Read Replies (1) of 94695

Well, I'll rest a bit, and I see RIMM reports right on June 18, 1 day prior to June expiration, so I'll look into a RIMM straddle on that day. So far June expiration is tilted to the downside (with Max pain around SPY = 80), which bothers the bull in me. It's a big month. This could be an opportunity to short around the beginning of the month, but who knows. Sometimes things just run into such lopsided expiry only to crash the week after. July expiry is actually higher. The bear in me wants to see some downside action before jumping on the bandwagon. So, I'll just sit flat. -g-

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