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noob_trad3r

Registered: Nov 2008
Posts: 1733

09-27-12 04:17 PM

Went long 12 contracts of the RIMM 6 put weekly that expire friday. for 8 cents a contract.

Total cost for the position 115.20 bucks. Total risk 115.20 bucks.

If rimm earnings spook the market and it crosses deep past 6 I will make a nice little profit. Otherwise I lose 115.20 bucks to offset against this years short term gains.

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Visaria

Registered: Sep 2004
Posts: 3803

09-27-12 05:57 PM

I keep forgetting to short RIM. I expect them to go bust.

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noob_trad3r

Registered: Nov 2008
Posts: 1733

09-27-12 06:43 PM

Position now up 37% Wow I should be the #1 trader like Timothy Sykes.

Maybe I can write a news letter now and tout how I was able to return 37% in an hour

Hopefully this does not happen.
http://www.youtube.com/watch?v=H9CQ...feature=related

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cdcaveman

Registered: Aug 2011
Posts: 3514

09-27-12 09:26 PM

Quote from noob_trad3r:

Position now up 37% Wow I should be the #1 trader like Timothy Sykes.

Maybe I can write a news letter now and tout how I was able to return 37% in an hour

Hopefully this does not happen.
http://www.youtube.com/watch?v=H9CQ...feature=related

anyone could tell that guy was greedy.. look how outragously fat he is..! haha

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Daring

Registered: Aug 2012
Posts: 676

09-27-12 09:37 PM

oops

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KINGOFSHORTS

Registered: Sep 2007
Posts: 3554

09-27-12 09:48 PM

Well at least he took a limited risk position. 1200 shares short will be a 1800 dollar loss if he had to buy back Rimm stock.

Rimm is trading at 8.42 right now.

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