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Option Recap – 5/28/15

Worries from China's overnight collapse of 6% sent indices lower initially before stocks, in now classic 2015 fashion,  recovered their losses into the close.   After the bell stocks are still moving higher.  $GME, $ULTA, and $DECK are all spiking higher after reporting earnings.  A strangle trade on $GME of $41 calls $.80 and $39 puts $.80 should work out rather nicely when the market opens for trade tomorrow.

$EBAY saw large call action, that I highlighted via audio in the chat room

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