What seems like our favorite tech company of late, Research In Motion (RIMM), is scheduled to report 3Q financial results next week on Thursday December 15th after the market close. Shares of RIMM have averaged a +/-10% move over its last 8 earnings announcements, with 5 of the reports pushing shares strongly to the downside […]
Traditional options expiration is upon us, and as such today we will continue our discussion on options expiration strategies, which we briefly touched upon in last week’s report. But before we dive in, let’s talk RIMM. With shares of RIMM trading at $17.58 last week we suggested traders consider purchasing the Dec 17.5-16 1×2 put […]
Last week in The Weekly Options Report we highlighted 2 strategies to consider heading into the coming week: 1) selling downside puts in Yahoo (YHOO) and 2) long weekly straddles in Cisco (CSCO) heading into earnings. While the YHOO trade was clearly a winner, the CSCO trade, for some, is still up in the air […]