The range of the calls and puts is between the $160 strike on the call side and $120 on the put side where volume is over 1,000 contracts today in the January chain. I'm just staying off to the sidelines. I doubt RIMM does two huge gap ups quarter to quarter, but there's a good chance the trend can remain higher unless they disclose they've royally screwed up since the last earnings report.
While I generally hate the idea that the best idea on Wall Street these days is this lame idea to pump and buy stocks at all time highs (it is pervasive) there are some exceptions and RIMM could be one of them. Companies with near monopolies fit into the "exception" category. Of course, the issue for RIMM is becoming just how long they hold their veritable monopoly. Tonight is going to be very interesting.