Research in Motion (NASDAQ: RIMM) is recently down $3.18 to $144.37. RIMM is scheduled to report Q1 EPS on June 25. Morgan Keegan says: "we expect another strong quarter from RIMM, driven by $99 price points and successful launches of the CDMA curve." RIMM July option implied volatility of 58 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com









