10:40am (EST)
For those of you who use our cell phone alerts and Twitter updates, we wanted to remind you that you should be out of our Research In Motion (RIMM, $22.25, up $0.57) put option trade this morning as our stop was hit.
We went short on RIMM when shares were above $30 on September 6. After setting a 52-week low of $20.41 last Thursday, the stock is getting a pop on rumors Carl Icahn is taking a stake in the company. Imagine that. Our total return on the trade is 137% so if you haven’t rang the resister yet on the other half, do so now.
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