buying swing +RFYVN at 4.80-90 area- RIMM $70.0000 Oct 2008 PUT
.buying swing +RFYVN - RIMM $70.0000 Oct 2008 PUT at 4.80-90 area. On the last email I said that if RIMM day lows were lost we should renter the puts. but I now decided with the days lows lost to put that money into the 70 strike puts that should have more aggressive % moves. The intention is to consider the money allocation as one whole divided in 2 different options and still wish to hold at the end of the day roughly 1/3 of these puts along with the remaining 85 strike puts into the weekend if nothing is resolved. which should just about equal to a 1/2 overall stake. the risk here is that this position can much easier go to 100% loss than the other stake but the reward is this works as a more aggressive hedge with stronger % move returns. so to remove the added risk im making mental stops on these new puts at 4.20 area since this is a lot of profits on the table.
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