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Options In Focus: RIM Follow Up
Posted on December 18, 2009 at 16:19 PM EST
Research In Motion (RIMM) certainly didn't excite analysts with its earnings report. The best that could be mustered up was Deutsche Bank cutting shares to “Neutral” from “Sell”. Traders though, saw things differently. And once more, a tendency for shares of RIMM to gap strongly afforded buyers of the theoretically steep strangle to profit. In front of Thursday’s close this column discussed the ATM December 65 / 60 straddle. Priced
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