Damn. I was hunting all day for a high vol stock that was going to announce after the bell today to virtual trade a double diagonal on, especially one that has weeklys.
Looks like everyone on ET missed this golden opportunity. RIMM is a volatile, well know stock with earnings being reported one day before option expiry - amazing someone didn't pick up on this.
I remember that some people used to comment that Google had a "funny habit" of reporting earnings the day before expiration. With weekly options, now there are many hi flyers that do that! Of course, with great potential comes great risk plus excitement and frustration! JJacksET4
JJacksET4 ...... Good news, it wasn't RIMM's earnings, this was an unscheduled announcement with bad news. RIMM's earnings was on March 24, 2011. No wonder why the options were so cheap. ET member hajimow posted this on another thread. http://www.elitetrader.com/vb/showthread.php?s=&postid=3168475#post3168475