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Message: Re: Bottom - Fishing Alert -- RIMM-klaus

Aug 25, 2010 09:29AM

I sell a slightly out of the money put. The Sept $47.50 put has a premium of about 2.65. The $45 put about 1.60. Better than buying the stock outright, because you have a built-in margin of error (the premium plus the difference between the current price and the strike price).

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