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Old Sep 27th, 2012, 11:17 AM   #1
noob_trad3r
 
 
Join Date: Nov 2008
Posts: 1,741
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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Old Sep 27th, 2012, 12:57 PM   #2
Visaria
 
 
Join Date: Sep 2004
Location: London, United Kingdom
Posts: 5,204
I keep forgetting to short RIM. I expect them to go bust.
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Old Sep 27th, 2012, 01:43 PM   #3
noob_trad3r
 
 
Join Date: Nov 2008
Posts: 1,741
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=H9CQs...eature=related
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Old Sep 27th, 2012, 04:26 PM   #4
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
Quote:
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=H9CQs...eature=related
anyone could tell that guy was greedy.. look how outragously fat he is..! haha
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Old Sep 27th, 2012, 04:37 PM   #5
Daring
 
 
Join Date: Aug 2012
Posts: 770
oops
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Old Sep 27th, 2012, 04:48 PM   #6
KINGOFSHORTS
 
 
Join Date: Sep 2007
Posts: 3,587
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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