RIMM Sold ==> 32 consecutive winners for $$$MR. MARKET$$$

[Daveduvos]

newborn, I don't understand options too well, Riverboat was telling me she was learning, I was helping my grandson a few years ago to learn, we learned to look at Jimmy the Greek etc. we put when we should have took. he got married and went in the plumbing business, and I stopped trying to learn,, Maybe I write River and see if she knows how to do it on RIMM

[New-born baby]

newborn, I don't understand options too well, Riverboat was telling me she was learning, I was helping my grandson a few years ago to learn, we learned to look at Jimmy the Greek etc. we put when we should have took. he got married and went in the plumbing business, and I stopped trying to learn,, Maybe I write River and see if she knows how to do it on RIMM

Sure, Dave. Be glad to help.

RIMM has a rich option chain, the kind I really love. It just drips cash!

Well . . . how greedy are you? Ultimately greed: no protection, just let the stock run. If you can afford the patience to wait for RIMM to run higher, and not afraid of any dips down to $80, then let her run naked. (IF Asia crashes, and they are working on a stock market bubble right now, then RIMM may tumble hard for a short while down to $80. Can your stomach handle that?).

My style of protection is to let the market pay me for protection. Here's a possible play:
NOV $120 call sells for $8.10. That alone protects you to $110.81 (you paid $118.91-$8.10=$110.81). If RIMM drops, you are at least even if she hits $110.91. If RIMM moves up to $120, you still get $128.10 for the stock. And of course, when you sell the call, you get the money right then and there. You can reinvest the money if you wish. Question: would you be happy with $128.10-$118.91 cost=$919 profit in three weeks for RIMM, with some protection? Even if RIMM hit $130 in that time?

Want more protection? That means I'd sell a call, and buy a put, too. This is called a collar. Sell the NOV $120 for $8.10 AND buy the $110 PUT for $2.88. You would be protected if RIMM drops to $0! So it would look like this: $118.91 invested for the shares + $2.88 for the put = $121.79 - $8.10 call money= $113.69 invested, risk is only $3.69. Possible gain is $128.10-$121.79=$6.31 per share in three weeks. And if RIMM tanks, sell another call, perhaps the $110 strike, or $100 strike. You'll make money.

Want a longer term view? Move to the next month, DEC. Or Jan. Or Mar 2008. Or JAN 2009!
DEC $120 call=$13.05
DEC $110 put=$6.70
(You can do the math )

JAN $120 = $15.50
JAN $110 put=$8.55

NOTE: the longer out you go, the cheaper the money is, and I really don't like to buy/sell protection out more than six to seven weeks unless it is a pure option play. Besides, you can make the same play each month if you wish.

And here's another play: you love RIMM? Willing to buy more? Then just SELL the PUT and if the stock drops, you bought it! If not, keep the money. NOV $110 is $2.88, or $288 profit if RIMM doesn't see $110. And if does fall, you in effect pay $107.12 for it. Sweet, eh? Why not? And of course if RIMM tanks you can sell a call on it to help your nerves out. Works better than coffee, believe me.

The "options" are endless, but here's anther one: The DEC $120 call is $13.05,the DEC $120 PUT is $11.40. You have a safe $274 profit for sure here. IF RIMM tanks, you make money and still keep the shares, the profit, and can play it again next month!!! Example: RIMM falls to $100. That put is now worth at least $20, and you keep the difference in call money, or $1.65. That means you still own RIMM, receive $21.65 per share, and can make a similar play next month! And your first month profit is $274! Like Jackie Gleason used to say, "How sweet it is!!!!

Now, do ya'll understand why I love the rich option chains? And this is just the beginning of what you can do.

[Daveduvos]

I could not find any news for the $8 haircut today.... anybody see anything. ?

[New-born baby]

I could not find any news for the $8 haircut today.... anybody see anything. ?

Just like Ernie always has said: earnings, earnings, earnings.

Yahoo Finance:
"8 Research In Motion (NasdaqGS:RIMM - News) fell 7% to 113.82 after Piper Jaffray said it saw "mixed demand for smart phones and data-oriented devices." The brokerage cut its '08 EPS target on RIM by 8 cents to $2.13, below consensus forecasts of $2.17, and '09 EPS outlook of 4 cents to $3.26, matching views. It also cut its price target by $3 to $137."

[Daveduvos]

Thanks, NewBorn. Hope life is treating you well

[New-born baby]

Thanks, NewBorn. Hope life is treating you well

You are welcome, and hope life is treating you well, too.

[New-born baby]

RIMM's target

Bearish target now is $65. Yup. That's right. $65 American Pesos.

[Daveduvos]

Gee, I hope not... I bought a few more shrs today. at 88, Thanks for the input..

[New-born baby]

Gee, I hope not... I bought a few more shrs today. at 88, Thanks for the input..

Forget the green hope . . . you've got a rich option chain to bail your hide out of trouble: use it!

[Ice]

man im a novice at the market can u explain the options? i got 12 grand worth of rimm, i think i will sell today

why is it tanking so bad is it just the economy? and is there any hope?

[Daveduvos]

Hope you stayed in.... Rimm has really came back,,, I sold at about 113 and failed to get back in...

[riverbabe]

Just to bring you up to date...look at all these lost posters! What fine memories!

https://www.therecord.com/news-story/8338424-blackberry-s-transition-is-complete-company-says/

[jiesen]

Oh, snap, I gotta check my blackberry!