*****UPDATE***** 6/29/12 10:51AM

CLOSED AT 10:49AM 6/29/12 FOR 1.50 CREDIT

THE COST OF THE STRADDLE WAS .90

TOTAL PROFIT WAS 66.67% GAIN IN 2 DAYS ON 15 CONTRACTS.

*********************************************************************

I EXECUTED THE TRADE AT .90 LIMIT ON A PHONE CALL TO MY BROKER WHILE IN THE DR’S OFFICE WAITING ROOM, BETTER PRICES MAY BE HAD TOMORROW ON THIS STRADDLE.

I ISSUED A TRADE ALERT VIA MY PHONE TO TWITTER/STOCKTWITS AROUND 3PM THAT READ AS FOLLOWED:

“*NEW TRADE ALERT* $RIMM Changed mind@dr.office FILLED 15c’s each straddle jun29 9strikes buy9calls buy9puts@limit .90 no more than8% port”

RIMM SURPRISINGLY HELD STRONG INTO THE CLOSE, AND ORIGINALLY DECIDED AGAINST THE PLAY BECAUSE OF THIS ARTICLE http://stks.co/f15N FROM SEEKING ALPHA.

UPON FURTHER THOUGHT, I FIGURED EVERYONE HAS THEIR OPINIONS, AND UNLESS RIMM PINS RIGHT AT 9.00 FRIDAY, THERE WILL BE VALUE TO RECOUP IN THE TRADE IF IT GOES WRONG.

FOR EXAMPLE SAY IT DOESN’T MOVE AS EXPECTED, BUT STAYS AROUND 8.40. THE TRADE COULD BE CLOSED FOR AROUND .60 CREDIT ON THE PUT SIDE TO RECOUP .60 OF THE .90 COST.

AFTER FURTHER THOUGHTS, THAT WAS ONE OF THE REASONS, I DECIDED TO PLAY IT AS WELL.

HERE IS A POST TRADE (AFTER THE CLOSE) SETUP TO ILLUSTRATE THE TRADE, AS MADE IT OVER THE PHONE EARLIER IN THE DAY.

NO MORE THAN 8% OF PORTFOLIO AT RISK IN THIS TRADE!

PROFIT IF RIMM LESS THAN 8.10 OR GREATER THAN 9.90 FRI EXPIRY JUN29.

Order Details

Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 15 RIMM Call RIMM Jun 29 2012 9.00 Call Debit 0.90 Day Order
Leg 2 Buy to Open 15 RIMM Put RIMM Jun 29 2012 9.00 Put
Est. Trade Value: $1,350.00
Est. Commission: $13.45
Estimated Fee: $0.76
Funds required for this trade: $1,364.21
Quote RIMM   9.18   0.21 Bid 9.15 Ask 9.17 Volume 18,171,398
RIMM JUN 29 2012 9.00 CALL
RIMM JUN 29 2012 9.00 PUT
Bid 0.51 0.34
Ask 0.53 0.36
Last 0.53 0.36
Change 0.09 [20.45%] -0.12 [-25.00%]
Volume 4,873 12,877
Delta 0.65 -0.35
Open Int 5,436 15,404
Desc RIMM Jun 29 2012 9.00 Call RIMM Jun 29 2012 9.00 Put
Net Quote
Bid
0.85debit
Mid
0.87debit
Ask (natural)
0.89debit
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