hungry_hippo
Long

BB Earnings

NYSE:BB   BLACKBERRY LTD
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Earnings are a crap shoot (no guarantees here) but this should pop back up if they meet, since they projected a profit.

We'll see Wednesday....
Trade closed manually: Sold premarket for a small loss.
I bought 2021 $5 strikes this am after big fall. Am surprised by reaction.

Market is not happy with bb.but maybe soon? They seem to be doing a fairly good job lining up contracts for their security suite. Seems alot of names are trying to move into subscription based. Is a great concept once established. Seems is a tuff job to get rolling.

Something is out of line here though, there's room for this stock jump, if circumstances allow. I believe is good risk to reward ratio at current prices.. $7.5
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@leftey, I'm done wit this turd, moving on.
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leftey hungry_hippo
@hungry_hippo, don't blame you. I'm in it to sell weekly calls against.. kinda my game. Once they get called away I'll move on to next.

Have anything interesting you're looking at?
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EPS beats on the last number of earnings. Press release out this morning saying QNX software is in another 30M cars, 150M in total.

Good level of open interest on the Jan. 15 2021 $10 Calls. Trading at a current strike price of $11.33.
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hungry_hippo TelRokeby
@TelRokeby, I've been burned on a number of trades that look good on paper. I made money off of this last quarter so I'm in 2k shares actual stock. My original intent was to buy and hold but it hit my trailing stop.

We'll see what happens here.... oddly enough the market was pumping this when it was losing money and now that they're making money it's out of favor with the market at ATH. Go figure.
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TelRokeby hungry_hippo
@hungry_hippo, a definite gamble. No doubt. Always come down to EPS but there is a lot of positive news to report alongside earnings. I also thought the shutting down of BBM was interesting - cleaning up their product line prior to a takeover? I think that's where it eventually goes - Chen leads them to a buy out like he did at Sybase. Options activity is all positive the last few days. Low amount of Put hedges. I went 2021 Calls as I'm not comfortable with shorter term.
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