Sweet 16 Option Trades

The Options Trader’s Guide to Technical Analysis

#11 RIMM April 80 Calls

By Akiva Shmidman, 2009 OptionsZone March Madness Contest Winner

Research In Motion (RIMM) is beginning to trend upward and having
a bit of a breakout from the last couple of months. It should have a nice run-up into earnings (March 31) as well.

RIMM lost market share to the Apple (AAPL) iPhone, and many BlackBerry
users were on the fence about whether to keep their BlackBerry or enjoy the iPhone experience. However, with the introduction of the iPad, BlackBerry
users can keep their RIMM device, get an iPad and live happily ever after.

My pick is RIMM April 80 Calls (RFY   100417C00080000).

Next: Rooting for the Underdog