RIMM Long straddle for July 16

Following the mixed success of my long straddle, 1 week ahead of time with SINA, i decided i should try it tis time 1 month ahead of time with RIMM.

I placed orders for 100 July 16 calls at $1.1 and 100 Puts at $1.1 too, the volatility of these tech stocks this year allows me to believe both will go through.

Although i have greater confidence this assets value will go down, for the sake of testing the long straddle strategy with a second time i decided to try this again.

I also believe that either way it goes, it will rapidly cover the cost of the opposite contract.

 

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