Option Block 599: Pricing SNAP Straddles

The Option Block · Mar 3, 2017 · 1h 4m

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…