I have been at this for over 20 rs
this will run to 15-16 range no doubt by june 28 as shorts cover
14 july 5 calls are .78 and note: implied volatility will rise over next few weeks as june 28 approaches so even if stock doesnt move from 13.65, the calls will rise in value due to the increase in implied volatility due to june 28 eps release.
thus call worth $0.78 will be worth well over $1 even with stock still at 13.65
but we all know stock wont be at 13.6 -it will goto 15-16 range and those .78 calls will be worth $2-2.5 with a stock price of say 15.5 so you just tripled your investment on the calls
A dead clock is right twice a day. :)
Just kidding, I was pondering to do the same thing, but a little bit longer, and last night I realized the opportunity just passed when I read from SA that a fund in Spain just accumulated 44M shares in a month. And this morning the climb was almost done when I woke up.
I have a good percentage of my money in BBRY anyway and am waiting for 06/28.