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.
