Today I am looking at calls on RIMM and AZO. I expect to get a bounce from both. RIMM is expanding overseas and AZO sells parts for cars and people are going to continue to fix the old rather than buy the new. Technicals look good for a turn up soon.
RIMM:
Call Spread: Buy the 10/80 and sell the 10/85 calls for a bid of $1.30
AZO:
Call Spread: Buy the 10/150 and sell the 10/155 calls for a bid of $1.85
I'm not sure I will do both but if I do one or both, I plan to close any trade as soon as it turns green (Profit). These are 1 to 5 day trades only.
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