Traders Bullish on RIM

Option traders felt bullish on RIM yesterday. Traders picked up 5,600 calls for $1.55 apiece at the April $50 strike price. Even more bullish were call purchases of 2,900 contracts at the April $55 strike for 63 cents each, and 1,400 lots at the $60 strike for a 26-cemt premium per contract. In all, about 60,000 calls traded vs. 28,000 puts traded yesterday.