Showing posts with label Bank of America. Show all posts
Showing posts with label Bank of America. Show all posts

Monday, November 9, 2009

Passing on RIMM, BAC

I'm passing on RIMM and BAC.

RIMM, because the activity appears to be in reaction to rumors of a MSFT takeover bid. If the rumors are out there, the chances are already priced in, and if the companies deny the talk, then we're looking for a fall. Also, at these levels RIMM options are trading at a $5 interval between strike prices. I prefer $1 intervals.

BAC, because it's already trading at near-term resistance. That lowers my odds of success.