RIMM’s up 15% after hours after posting earnings. This morning I bought some Jan 130 calls just because

1. I liked how the market responded to Oracle’s earnings yesterday and that instills confidence that the tech sector is still strong
2. The VIX is dropping which means a more saner market ahead of us
3. And, well, despite my better judgment, it just felt good, and I still love my Blackberry

I’m hoping I will have doubled my money by tomorrow morning. This is one of my favorite stocks to trade.

… The next day …

I sold out early this morning for a 54% gain when the stock was hovering around $117, but, hey, it was a one-day gain and in this wacky market I’ll take what I get. The stock’s at $119 now 2 hrs before market close which would have given me a 100% gain on the options but I’m OK with it. I think with volatility dropping though I would be more apt to hang on longer and not be so trigger happy.  In retrospect I should have just put a trailing stop on it to protect my profits while letting it run, but I’m not too familiar with that feature on optionsXpress yet but that’s something to study up on over the weekend.