It’s hard to find a trader willing to make a bullish bet on RIM , but we looked far and wide and found Dan Nathan.
He’s betting on upside ahead of Research in Motion earnings on Thursday but not because he expects the company to say something profound.
“We already know the company is troubled,” says the editor and co-founder of RiskReversal.com.
Instead he believes so much pessimism is baked into the stock that if the company says anything that suggests it could unlock shareholder value – the stock will pop. "It could go to $10," he says.
And the Sunday Times of London wrote this week that RIM was looking to split its hardware business from its messaging network business. It pointed to Amazonand Facebook as potential buyers for the hardware business, without naming any sources.
“Remember this is a sum of the parts story,” Nathan adds.
However, it's important to note this trade is highly speculative. If you follow him into RIM, Nathan says only play with options so you limit your downside risk. "And be prepared to lose your shirt."
Posted by CNBC's Lee Brodie
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Trader disclosure: On June 27, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Stephen Weiss is long QCOM; Stephen Weiss is long AMLP; Stephen Weiss is long AMTG; Stephen Weiss is long VZ; Stephen Weiss is long T; Stephen Weiss is long VOD; Stephen Weiss is short X; Stephen Weiss is short MT; Stephen Weiss is short JCP; Stephen Weiss is short JEC; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long M; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Najarian short (PBI); Najarian has long call spreads FB; Najarian has long call spreads MMR; Najarian has long call spreads ARNA; Najarian has long call spreads CF; Najarian has long call spreads POT; Najarian is long DDMG; Najarian is long COGX; Najarian is long CBOE; Najarian is long CME
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