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Author Topic: rambus was a wild ride today
JLo
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Sold naked April 50 C RMBS today. Got $1.40. Good premium. I should have wondered why. Turns out ppl were building big straddles depending on outcome of patent trial. I will try to close out the short tomorrow am.
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JLo
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closed out the short at mkt open for 0.05. Made 1.35. In fact I shouldnt have to even. Rambus announced jury will reconvene on monday, making me safe on Friday. Well its only 0.05.

Trying to say how to play Rambus next week.
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JLo
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Waited for verdict then shorted May 50 C.
I could have bought OTM calls this morning on Rambus and made handsome $. Unfortunately my day job was keeping me busy.
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JLo
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Shorted some more today. So far so good.
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JLo
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Bailed out of Rambus 35 short put just in time. Now mostly in cash, waiting for buying opportunity.
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JLo
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shorted rmbs again today.
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