Listen "Option Block 599: Pricing SNAP Straddles"
Episode Synopsis
Trading Block featuring special guest Ophir Gottlieb, CEO of Capital Market Laboratories, Editor in Chief @CMLviz SNAP: The first big IPO of the year is off to the races. Supposed to list at $17, opened at $24 and traded up to nearly $26, up over 50% from the listing price. Earnings earlier in the week: Tuesday - Target Wednesday - Best Buy Earnings today: After the bell - Costco Odd Block: Puts trade in Shake Shack Inc (SHAK), calls trade in Sirius XM Holdings (SIRI) and calls trade in Dollar Tree (DLTR). Strategy Block: Uncle Mike Tosaw discusses profit-taking scenarios. Mail Block: Options #QuestionOfTheWeek #Oscars Edition. #WarrenBeatty screwed up Best Picture. What's your biggest #Options screwup? 37% - Held onto shorts too long 37% - Time Decay killed me 11% - Gamma Exploded In My Face 15% - Vega Snuck up on My Delta Options Pop Quiz - If $SNAP opens at $17 what price would you give the ATM straddle expiring 3/10? AKA how much movement do you expect? Between $1 - $2 Between $2 - $3 Between $3 - $4 Over $4 Around the Block/This Week in the Market: It is a very heavy week as far as economic reports go with a bulk of them coming on Tuesday and Wednesday. Where did February go? Mar 2 - Jobless Claims
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