AmeriCares Trader: RIMM

Tuesday, December 28, 2010

RIMM

RIMM looks like a good long here. It is sitting just barely above its 200 day SMA (~57.95) and just above its 50 day SMA (~57.50). Since RIMM has underperformed the market significantly this year, you could make the case that fund managers have been selling the stock recently to get it off their books before year end. A new year may be just what RIMM needs to pop. Depending on how the market and RIMM opens tomorrow, I may look to get long around 58 with a stop around 56.50 and a target of 65.

I also have my eye on NFLX. It bounced off its 50 day SMA again today. If it can break 190 with strong volume then I bet we see a resumption of the uptrend with a quick move to 200.

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Trading Log (Jan 2011)

Security	Trade Type	Opt Exp Date	Opt Strk	# Bought	Buy Date	Buy Price	# Sold	Sell Date	Sell Price	Com/Fees	P/L	Total
SPY	Call	01/07/2011	127	7	01/03/2011	1.09	7	01/03/2011	0.62	30.48	-359.49	-359.49
SPY	Call	01/07/2011	128	0	01/07/2011	0.00	6	01/03/2011	0.46333	24.50	253.50	-105.99
SPY	Put	01/07/2011	125	0	01/07/2011	0.00	7	01/04/2011	0.35	15.25	229.75	123.76
SPY	Call	01/07/2011	128	0	01/07/2011	0.00	6	01/05/2011	0.30	14.50	165.50	289.26
SPY	Put	02/19/2011	126	13	01/12/2011	1.48	13	01/13/2011	1.50	49.51	-23.51	265.75
SPY	Put	02/19/2011	127	7	01/13/2011	1.73	7	01/13/2011	1.97	30.51	137.49	403.24
SPY	Call	01/14/2011	128	7	01/14/2011	1.15	7	01/11/2011	0.47	25.50	-501.50	-98.26
SPY	Call	01/14/2011	128	5	01/14/2011	1.15	5	01/12/2011	0.65	22.49	-272.49	-370.75
SPY	Put	01/14/2011	130	5	01/14/2011	1.21	5	01/14/2011	0.8	27.49	-232.49	-603.24
SPY	Put	02/19/2011	127	24	01/14/2011	1.57125	24	01/19/2011	1.54	76.02	-151.02	-754.26
SPY	Put	02/19/2011	127	21	01/18/2011	1.17667	21	01/19/2011	1.54	51.54	711.46	-42.8
SPY	Call	01/22/2011	126	5	01/20/2011	2.05	5	12/29/2010	1.85	22.51	-122.51	-165.31
SPY	Call	01/22/2011	126	5	01/20/2011	2.05	5	01/03/2011	2.25	22.50	77.50	-87.81
SPY	Call	01/22/2011	129	0	01/21/2011	0.00	7	01/14/2011	0.95	15.26	649.74	561.93
POT	Put	01/22/2011	160	0	01/21/2011	0.00	4	01/20/2011	0.85	13.00	327.00	888.93
POT	Put	01/22/2011	155	0	01/21/2011	0.00	8	01/20/2011	0.775	26.00	594	1482.93
AMZN	Put	01/28/2011	175	2	01/24/2011	5.15	2	01/21/2011	4.35	23.00	-183.00	1299.93
GLD	Put	01/28/2011	129	5	01/27/2011	0.71	5	01/25/2011	0.70	27.49	-32.49	1267.44
SPY	Put	02/19/2011	131	7	01/27/2011	2.06	7	01/28/2011	2.45	30.52	242.48	1509.92
SPY	Put	01/28/2011	128	7	01/28/2011	0.47	7	01/28/2011	0.35	30.49	-114.49	1395.43
SPY	Call	01/28/2011	130	0	01/28/2011	0.00	7	01/24/2011	0.32	15.25	208.75	1604.18
SPY	Call	01/28/2011	130	0	01/28/2011	0.00	7	01/26/2011	0.50	15.25	334.75	1938.93

AmeriCares Donation

480.00

Monthly Profit	Monthly Donation
$X <= $0	$100
$0 < $X < $5000	($X * $X/10000) + $100
$X > $5000	($X * 0.5) + $100

Tuesday, December 28, 2010

RIMM

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