Fooktarded Volatility

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November 15, 2007

I’m in a chancy mood today. Bought some RIMM November 105s for $2.

I actually had profits in both RUT index calls and the IWM calls at one point today. Both shortly after their purchases. I’ll post charts later. 13% and 14% gains respectively, but I wasn’t quick on the trigger and was anticipating the move to last into the close…ie form a BIG hammer on the daily. There were chances to profit and next time around I’ll do better at being fast. Actually next time I won’t try bullish strategies in a downtrend.

RIMM closed oversold. I’m taking the chance and holding overnight.


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