APRN food is yummy. The stock? Not so much.
Download Option Block 635: TSLA Puts, VIX Calls, No Love For APRN
Trading Block: Amazon Prime Day today. Lots of closing VIX puts. Waiting on what Yellen may say.
Odd Block: TSLA options tracker – 145 ?catastrophe? puts hit the tape today, 20 more Jan 2018 20 puts also trade today. APRN first week review – paper buys 1080 Aug 9 calls for $0.40. Crazy tree or put spread in iShares MCSI Taiwan Index (EWT).
Strategy Block: A double strategy today! A put roll down trade in silver and a modified collar trade in XLF.
Mail Block: Options question of the week.
$APRN #options are live! Aug 8 calls top the charts so far. With $APRN at $8.15 Aug 8 calls are $.65-$.75. Would you rather?
- 28% – Buy Aug 8 Call for $.75
- 33% – Sell Aug 8 Call for $.65
- 6% – Buy $APRN Stock for $8.15
- 33% – Rather Eat $APRN’s Food
Listener Question from Darqane: Assigned on short SPX puts means getting long the underlying? But how does that work if it is cash settled?
Around the Block:
This Week in the Market
- Jul 14: Consumer Price Index, Industrial Production, Consumer Sentiment
Earnings This Week ?
- Friday – Wells Fargo, Citi, and JP Morgan