Destroying my account

RIMM Mar08 $93.375 put (RULOX)RIMM came out with great news, so I bought a put. Umm… you think that I could convince you all that I’m a retard or is it going to take more? I’ve included the screen shot below of the buy, just so that there’s no question about my insanity being real vs. virtual.

I guess I don’t think that everything should be going up. I’m not fighting a trend, I’m trying to make some money while a trend is occurring.

At least GRMN isn’t shooting through the roof (yet).

Buy:
RIMM Mar08 $93.375 put (RULOX), 1 @ $1.63
stock price entered $107.00

RIMM Mar08 $93.375 put (RULOX)

selling post

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Posted: February 21, 2008 at 8:51 am

Posted By: Michael

News Category: Options, RIMM

 

 

2 Responses to “Destroying my account”

  1. Since I’m a stock retard, I don’t know what this means. I take it from your “tone” that it’s not good.

    -DT

    Dinosaur Trader on 21 Feb 2008 at 6:57 pm

  2. DT, I bought an option when there was too much volitility, so unless the stock drops a lot (which it will today), I’ll lose more money.

    Michael on 22 Feb 2008 at 6:23 am
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