TWTR with a big pop today, up 10%, taking SOCL up with it.
TSLA struggles back to $194.50.
SCO/DM – Don't forget that once you get to the end of May, you have "summer driving season" and they can add $5 to oil for a while. So not really a great time to play unless you don't mind rolling through to the fall. We're stuck with the short April $29 puts in the STP and I'll roll them along to the May $28 puts, selling 30% more to make up the price difference but I'm not in love with it as a new play.
YHOO/StJ – Tricky as Alibaba's looming IPO is essentially the whole reason people like them. Since you can sell the April (tomorrow) $34 calls for $1.20 and you can buy the May $33 calls for $2.40 for net $1.20 on the $1 spread and since I think, even if YHOO has bad news, the IPO will bring them back later – I like that for a fun spread. Too bad INTC is up so much or I'd like them too – now I'm just curious as to whether they can justify $27.
AAPL/StJ – I want a miss so we can BUYBUYBUY on a sell-off.
April 15th, 2014 at 3:46 pm
TWTR with a big pop today, up 10%, taking SOCL up with it.
TSLA struggles back to $194.50.
SCO/DM – Don't forget that once you get to the end of May, you have "summer driving season" and they can add $5 to oil for a while. So not really a great time to play unless you don't mind rolling through to the fall. We're stuck with the short April $29 puts in the STP and I'll roll them along to the May $28 puts, selling 30% more to make up the price difference but I'm not in love with it as a new play.
AAPL/StJ – I want a miss so we can BUYBUYBUY on a sell-off.