Blackberry blows up (and corrected Trades of the Week)
Well, this afternoon Blackberry went ahead and told the world what you and I already expected: the new blackberry phones are selling like a spritzer in a cowboy bar. The stock was halted after the company told everyone they’re going to come in at less than half expected sales. It promptly dropped 20% and all our puts are up huge.
Earlier, my staff made an error in the price paid they for the blackberry puts. Please find the corrected Trades of the Week below.
Common Stock:
| Stock | Action | Date Initiated | Time Initiated | Price |
| CREE – Cree, Inc. | BUY | 9/18/2013 | 11:19am | $59.38 |
| XONE – The ExOne Company | BUY | 9/18/2013 | 11:19am | $51.30 |
| ECTY – ECOtality | BUY | 9/18/2013 | 1:13pm | $0.12 |
Options:
| Stock | CALL or PUT | Action | Date Initiated | Stock Price | Strike Price | Exp Date | Price |
| BBRY – BlackBerry Ltd. | PUT | BUY | 9/18/2013 | $10.60 | $11.00 | Oct-13 | $1.10 |
| BBRY – BlackBerry Ltd. | PUT | BUY | 9/18/2013 | $10.60 | $12.00 | Oct-13 | $2.05 |
| BBRY – BlackBerry Ltd. | PUT | BUY | 9/18/2013 | $10.60 | $13.00 | Oct-13 | $3.05 |
| BBRY – BlackBerry Ltd. | PUT | BUY | 9/18/2013 | $10.60 | $14.00 | Oct-13 | $4.02 |
