Wheee, that was fun!
Now we'll see what kind of bounce we get at 28,200, 3,450, 11,800 and 1,540
Nice move on RB, $1.20 is the stop line now - congrats to the players.
IMAX/Swamp - Not sure WHICH IMAX trade so can you post it? I think they are solid long-term but, if uncovered, might be a good time to do so.
Vaccine/Batman - That is the lie you choose to believe? Trump is planning an "October" surprise of pushing out ANYTHING that seems like a vaccine so he can claim victory before the side effects are revealed. Again, a day does not a trend make and the looming DISASTER is sending 50M children back to school WITHOUT a vaccine in a population that's only been about 70% exposed. As I said in the Webinar yesterday, I like M, I like WBA, I like VIAC, I like IMAX - not because there's maybe a vaccine but because they are just great values and a vaccine would be a bonus but, even without one - I'll be happy to own them in 10 years.
VIAC/Batman - As a new spread, I'd go for:
- Sell 5 VIAC 2022 $25 puts for $5.15 ($2,575)
- Buy 10 VIAC 2022 $25 calls for $7.50 ($7,500)
- Sell 10 VIAC 2022 $32.50 calls for $4.35 ($4,350)
That's net $575 on the $7,500 spread that's $3,000 in the money to start with an upside potential of $6,925 (1,200%) at a very reachable $32.50 in 18 months. I think that's a comfortable ROI and the worst-case is owning 500 shares of VIAC for $26.15, about 10% off the current price.
MHVYF/Tech - That's Mitsubishi Heavy Industries, not Mitsubishi Financial - two separate stocks.
