Trading Summary

A short term breakout position for BBRY currently in play. I'm long the $10.50, $9.50, $8.50 butterfly (long straddle/short strandgle version). Earnings out Friday - I think the stock will breakout lower but I've left it open for some return if BBRY breaks out to the upside.

26th March, 2015

After a soft openning, BBRY made some small gains during Thursday's session to end the day up slightly, closing out at $9.30 (+0.22). The butterfly has lost a little value from yesterday, showing an unrealised loss of -$6.

27th March, 2015

Pretty lame result after the earnings announcement from BBRY left the market relatively unchanged. But, I am now short the stock as I was auto-exercised on the long $9.50 puts...

30th March, 2015

Sold two $9.50 puts, which were filled at 0.22 but the stock is down 6.98% - wish I'd not sold those puts now.

2nd April, 2015

BBRY closed $9.34, which means the puts are ITM. I was exercised on the puts, buying the stock at $9.50, which closed out my short position of BBRY stock.

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