OK, fool me once…..

The RIMM charts have a familiar ring to them. Sometime high flyer? Check. Very low options volatility? Check. Stock itself not doing a darn thing? Check. Looks just like AAPL, FSLR, GOOG, et. al.

Again, sure seems like a great time to load up on some options gamma, as RIMM rarely gets to these levels.

But like I noted the other day, Time is Money. Every day you own an option where the volatility you paid is higher than the volatility of the stock itself, you cost yourself money in theory (depending upon the specifics of course). The added twist here is that the cheapness is focused mainly in September. October is an earnings month, and volatility is near 50 there, vs. 38 or so in September. I have no position here, Strange as it may sound, if I bought anything here, I would buy it in October. Mainly because with earnings due, volatility is unlikely to decline much before then.