Monday, April 7, 2008
Close RIMM 100 Put, Bought BIDU 320 Call
I sold my RIMM 100 Put options for 0.25 today. I don't think it will hit 100 anytime soon and the price gap is too far. On the other hand, after experiencing big loss in my BIDU put options, I bought a 220 call options for it at 9.90 each. I know the current price is pretty high and I hope I bought it at the right time. However, It just broke the $300 price barrier and I believe it should run up to 320 before it finally slow down.
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