New Trade – Iron Condor on RIMM

Here's a quick trade to take advantage of the volatility in RIMM options due to their earnings announcement today after close:

Buy 4 RIMM SEP10 37.5 PUT $0.08 $32.00
Sell -4 RIMM SEP10 40 PUT $0.22 ($88.00)
Sell -4 RIMM SEP10 52.5 CALL $0.27 ($108.00)
Buy 4 RIMM SEP10 55 CALL $0.12 $48.00

Requirements
Cost/Proceeds ($116.00)
Option Requirement $1,000.00
Total Requirements $884.00
Estimated Commission $20.00

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