Monday, November 06, 2006

RIMM call option trade

Made one American trade today, and it was in options:In retrospect on this RIMM trade, it probably would have been wiser and lower risk to wait for at least one more, maybe two more candles to confirm uptrend. Not sure if I'll be able to hold my calls (RUPLD == Dec06 120 calls) more than 1 day. Will need to think more about my criteria for holding. Although the daily chart on RIMM looks encouraging, Tuesday is election day, and I'm not sure what kind of volume and volatility that will bring to the markets.

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