That’s How You Trade RVBD

I said it yesterday and it happened today. I said Riverbed Technologies, Inc (RVBD) likes to bounce around. It opened lower this morning and in the first two minutes was down from its Tuesday close at 31.97 to 30.50 where my limits for the June 30 put hit. I received $288.49 after commissioins and now RVBD has recovered from its opening lows and is trading at $31.41 as I write this.

That gives me a 10% cushion for RVBD to fall before I’m in the red. I’m not saying that I’m safe right now by any means, but I do know that selling options on RVBD without using a limit is a crazy way to leave money on the table.

More on this topic (What's this?)

Riverbed Sits Above A Support Level (The Market Financial, 4/23/12)

Riverbed Technology (RVBD) Pleases the Street (Fund my Mutual Fund, 10/20/11)

Analysis: Markets Whip In Wild Intra Day Action (The Market Financial, 4/19/12)

F5 Networks (FFIV) Follows Riverbed Technology (RVBD) in Making Amends with Wall Street (Fund my Mutual Fund, 10/26/11)

Read more on Riverbed Technology at Wikinvest

« « Beginner Investor Series – 10 Tips for Keeping Emotions out of Investing - | - CELG Misses » »

Comments Off

* If you like this post, then consider subscribing to the Full RSS feed or email updates.

DISCLAIMER: While I am a Registered Investment Advisor Representative, the information contained within this site does not constitue personalized investment advice. This material is meant as entertainment and is only a view into how I invest my own account, but not necessarily how you should invest your own funds. Trade using your own research at your own risk. This is impersonal investment advice which means the material written here, in email exchanges, on Twitter and/or other social networking sites do not purport to meet the objectives or needs of specific individuals or accounts.