Stock / Symbol: Research in Motion / RIMM
Price at trade post: $59.60
Option Strategy: butterfly call spread
Max Risk: $418
Max Reward: $100 or 25% by Dec 17th
Profit Range: $0 - $58 & 62 +
Max Reward Price: $0 - $57.50 & $62.50 +
Closing Trade Details:
BTC -2 RIMM Dec10 57.5 Calls
STC 4 RIMM Dec10 60 Calls
BTC -2 RIMM Dec10 62.5 Calls
for a net debit of $0.50 per contract.
Reasoning: It looks like RIMM won't move enough on earnings for us to allow this butterfly to expire worthless, so we're looking to close it out at around break even
Chart:
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