Aretha/Jomp – She was so great!
PZZA/Yodi – We picked some up for the hedge fund, mostly short puts – I think they've suffered enough.
For the LTP, I like:
- Sell 15 2020 $42.50 puts for $7.90 ($11,850)
- Buy 20 2020 $35 calls for $15 ($30,000)
- Sell 20 2020 $50 calls for $6 ($12,000)
That's net $6,150 on the $30,000 trade that's $17,000 in the money to start! Upside potential at $50 (not ambitious) is $23,850 (387%) which will pay for a nice cruise next summer!
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