The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Thursday, August 24, 2006
Email – #173
We’re Out Of RIMM
A few moments ago, Research in Motion (Nasdaq: RIMM) hit the trailing stop we put into place this morning at $80.01. Though the sector looks weak, the stock is not falling fast enough, and the risk of time decay in the out-of-the-money September put options is too great to keep the position open.
Good Investing,
Steve McDonald and Mark Whistler
Current Portfolio
Stock / Option: Research in Motion Sept. $70 puts (RUP UN)
Current Price: Sell
Comments: Close out position.
