The top equity options trade so far today is in RIM after one strategist sold 34,000 Feb $12 puts on the Blackberry maker at 2 cents per contact. It’s possibly closing and was part of a multi-leg play which also included the sale of 6,200 Feb 15 calls at $3.07 and the sale of 4,900 Feb 16 calls at $2.34 along with the purchase of 6,200 February 20 calls for 62 cents and 11,000 Mar 17.5 calls for $2.02. Shares are up 32 cents to $17.60 today and have now rallied 31.3 percent during the past month. Today’s large blocks of options might exit a bullish position in in-the-money Feb 15 and 16 calls (also buying back deep OTM Feb $12 puts) to open a new bullish position in at-the-money Mar 17.5 calls and OTM Feb 20 calls. Meanwhile, implied volatility in RIM options is easing, down 5.5 percent to 61. Earnings were last reported in mid-December and don’t come into play again until late-March, possibly outside of the March 2012 expiration.