Stock futures are off the lows to start the last trading day of the week.
Here are this morning's reads:
Stock futures are off the lows to start the last trading day of the week.
Here are this morning's reads:
I have a few trades I am looking to make heading into the summer. Options are about as cheap as they've ever been and I plan to take advantage via out of the money calls/puts on select stocks that look ready to rally or tumble.
$INTC - While its still a little early to put the nail in the coffin, I do think the stock is heading lower in the short to medium term. Going out to July will give me time for this trade to work.
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