Bought RIMM May11 $60 Call for 0.30.
April 28, 2011 · Posted in US Options · Comment
RIM analyst day on May 2nd. as we are already holding the sept put spread, we r buying the may $60 call for 0.5% in case of any positive surprises
Bought May11 AMD $8 Put @ $0.16
April 21, 2011 · Posted in US Options · Comment
AMD up 4% on intel’s better than expected earnings on the 20th. AMD’s numbers will be announced on the 21st and we believe there should be more downside to the price.
Sold BRCM May 2011 $40 CALL @ 62 cents
one month Vol's up today,
May $40 Call's IV up 2.60%
sold some May calls to hedge up our synthetic long done a while back
expecting a short term downturn but still maintaining long term upside exposure
