Thursday, December 31, 2009

Another Round Of Selling RIMM Calls

The Research In Motion (RIMM) December $75 calls expired worthless a couple weeks ago. I held off on selling more calls thinking that maybe the stock might move up more following its strong earnings report. That didn't happen, and so here I am selling calls on the last day of the year.

Sold RFY January 2010 $70 calls for $1.08 covering the entire position.

Effective cost basis for RIMM shares now sits just under $63.50.

1 comment:

Clara Mellor said...

Trend in FII flows: The FIIs were net buyers of Rs 361.25 the cash segment on Wednesday while the DIIs were net sellers of Rs -330.58 as per the provisional figures.capitalstars