Option Investor
New Plays

New Option Plays

HAVING TROUBLE PRINTING?
Printer friendly version
Call Options Plays
Put Options Plays
Strangle Options Plays
RIMM None None

New Calls

Research In Motion - RIMM - cls: 123.66 chg: +2.83 stop: 118.40

Company Description:
Research In Motion (RIM) is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. (source: company press release or website)

Why We Like It:
We're suggesting another bullish play on RIMM. Investor reaction to the MSFT earnings news tonight is pulling the tech stocks lower. This will probably be temporary and will provide us a chance to buy a dip in RIMM. We're suggesting readers buy calls in the $120.50-120.00 zone. We'll stick a stop loss at $118.45. More aggressive traders could give RIMM a little more room with a stop under $117.50 or $117.00. If triggered at $120.50 our target is the $129.75-130.00 range.

Suggested Options:
You could play May options but they expire in three weeks. We prefer June options. FYI: Double check your symbols with your broker. We got these from the CBOE but the $115 and $130 are using non-standard symbol suffixes.

BUY CALL JUN 115 RUL-FU open interest=5049 current ask $14.50
BUY CALL JUN 120 RUL-FD open interest=9220 current ask $11.45
BUY CALL JUN 125 RUL-FE open interest=8458 current ask $ 8.85
BUY CALL JUN 130 RUL-FV open interest=5425 current ask $ 6.65

Picked on April xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 06/25/08 (unconfirmed)
Average Daily Volume = 21.6 million
 

New Puts

None today.
 

New Strangles

None today.
 

New Play Archives