SLW/Taihu – It's not too chasy yet as we started around $18 and now $21 but I think you are being too aggressive as you are paying a lot ($8.50) for the $15s and only getting $4 for the $25s.  Keep your eye on what you are trying to accomplish.  How about give yourself a 10% cushion and sell the 2019 $22 calls ($5)?  Then the 2019 $17s are $7.50 so net $2.50 for the $5 spread vs $4 for the $10 spread buy you need $25, not $22 – at $22 it's a $7 spread while, at $22, 2x is a $10 spread and $20.50 is a $7 spread, almost 20% lower.  As an offset to 2x the $17/22 spreads for $2.50 ($5), you could sell 1x the $17 puts for $2.55 and net $1.25ish per long and – IF SLW goes lower, then you can spend less than $1 to roll down to the $15s and widen the spread.  Also, with 2x on the long side, you could sell 1/4x June $24 calls for $1.15, which nets you 0.28ish per long and, since your longs are net $1.25, you're recovering 22% per half while you wait – it should pay for the roll if you ever need to.

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So what was that on the news before I got distracted?  Oh yeah, ATVI has this new killer game called Overwatch and those things are subscription models so they should see a serious uptick in the next 12 months.  In the LTP, let's sell 5 of the 2019 $35 puts for $4.75 ($2,375) just to keep an eye on them for now.  

I also like the idea of WATT but I don't know that they, in particular, will catch on with wireless charging.  

"The second product is a product called the Chipolo Sticker. This is very, very interesting because it is about 65 percent smaller than any other Bluetooth tracker on the market. The reason it can be smaller is twofold. One, it contains our charging receiver, which is extremely small (4 mm x 4 mm). Two, because of that, they are able to put a very, very small battery in it because now you can continually charge this device. So, this is now a device, a tracker that can be put on the side of your glasses it is so small.

"They expect to release this at the end of this year with our first iteration of our wire free transmitter. The initial concepts are like the small computer-sized speaker that would fit next to the desk and would send power out 2 to 3 feet and you could just drop your glasses, your keychain, anything else with a sticker mounted on it, you could drop it in the area and it would receive a charge."

This is another one I would like to keep our eye on in the LTP and, since they are only a $14.59 stock and we can sell the WATT 2019 $12.50 puts for $5.50, let's sell 10 of those ($5,500) and see what happens.

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