I liked RIMM for a pre earnings trade, since they crossed below the 22pma on the 5 day chart on Friday. However, when I looked at the IV of the RIMM OCT 100 Put it was running at 73.6% - a sure sign that a fall in stock price is already priced in to the option. Definately a pass.
I found no other attractive pre earnings trades based on Friday positions.
Sunday, September 30, 2007
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