Tuesday, February 5, 2013

BBRY new weekly trade, Feb/05/2013

Update: Breakeven on this trade at expiry.
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BBRY daily chart shows a slowdown in the speed. I wanted to fade the move and here's my trade:


BBRY daily chart




Research In Motion Ltd (NASDAQ:BBRY) Sell vertical:  
Sell 1X $16 weekly call
Buy 1X $17.5 weekly call
(Credit 50c)  

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