Investors purchased roughly 850 calls at the Dec. 11 $19 strike for an average premium of $0.53 each, and snapped up nearly 700 of the Dec. '11 $20 strike calls at an average premium of $0.39 apiece. Call buyers at these strikes may profit at expiration next week in the event that shares in Research in Motion surge 6.7% and 11.4% over the current price of $18.30 to surpass the average breakeven prices of $19.53 and $20.39, respectively.
Comment on RIM Call Options Ablaze With Speculation As Stock Rallies On Takeover Talk
Caitlin Duffy, Forbes
Thu, 12/01/2011 - 11:39am
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