Friday, March 30, 2012
the aud/usd seems to be oversold now and i like a buy here for a return to 1.07. i also like the fxa diagnol trade where the june 102 call is bought and the 106 april is sold and where we can roll it out to may and june . if we are caled away in june we will make more than $400 on a modified cost basis of $240. not a bad trade and a could be modified to increase the net gain.
here is the undervalued stock of the year RIMM. the stock is solid fundamentally and should be able to hit $30 in the next two months. this is another diagnol. buy june $13 sell april $16. $2.50 cost that should adjust down to $1.90 with a potential of $3.15 or more