RIMM Yo-Yo After Hours

June 18th, 2009 3:40 pm mylifemytrade Leave a comment Go to comments

2009-06-18-rimm-yo-yo-ahAt close, RIMM was $76.55. Here is the chart of what happened to RIMM in after-hours today. Right when the earnings came out, it went down to $71.xx and ever since then it has creeped up steadily crept up and even got into positive territory AH. What a bumpy ride. Market Makers likely are going to pin it to $75 strike tomorrow. Depending on the broader market posture, it might even creep up to the $80 strike.

Categories: Misc Tags: ,


  • enoeht
    There was an enormous amount of put interest in RIMM today. I'll be surprised if the after hours rally doesnt fade tomorrow. We'll see.
  • Puts is what will prevent RIMM from coming down.. Market makers would like those puts to expire worthless.

    Max pain for RIMM is $70. I doubt it gets there though unless the entire market tanks big time. Apart from that I see that it gets pinned to $75 most likely. Of course, it could go to $80 if there is a major rally. But given the lead up to the Opex day, I dont see any big moves coming on Friday.
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