Monday, August 29th, 2016

RIMM December Trade

These are the types of trades we provide in our members area. If you liked this actionable trade please join today

RIMM has been bouncing around between 200 day moving average and Aprils earnings gap it created sometime back. It seems to breakout on stronger volumes only to get  pummeled by short sellers. This stock is in the clutches of bears and they are not about to give it up anytime soon. Its a tough stock to handle. So the question arises how do you trade RIMM ? Here is a rarely used option strategy that we can safely employ with reasonable outcomes if RIMM stays within a range bound pattern. Please click to enlarge charts.

RIMM chart

Sell 3 December 60 puts = 4.50

Short Sell 150 shares of stock =$ -8793

RIMM trade

Here is the trade chart of RIMM. As you can see the break even points are 52.41 and 67.68 and if RIMM stays between these two points by December expiration, profits should result. If RIMM reaches our break even points the trade needs to be taken off with a small loss, meanwhile we will collect time premiums. Maximum gains will happen at 60 for $1350

These are the types of trades we provide in our members area. If you liked this actionable trade please join today

Comments

One Response to “RIMM December Trade”
  1. steve gold says:

    You know Dan, I’m pretty computer savvy, but your site, I find it hard to tell if I’m signed in or our? Just trying to help you. IN BIG BOLD PRINT, SIGNIN and it takes you to the trade. Listen, if this happens to me, it happens to others. You should look at it.

    THX

    Steve
    480-292-5352

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