BOX June 26 Strike Puts

We called May Box 22 Puts well.  After the "good" earnings report box pulled back today.  Closing at 25.75 in the AH.  Analyst came out with hold to buy and a PT of 30.  I'd say the June 26's at 1.05 are a good bet.


Happy Trading...

ANF Puts

ANF 23 Strike @ .60 for Friday, 1 Jun.  Really good volatility for Friday on both calls and puts.  Not a bad covered call setup.  They report Friday.

Happy Trading...

FEYE--Breaking Our Rules

We have been a fan of selling puts on strong stocks but this time we revisit an old and profitable friend--FireEye.

We went long calls on FEYE in this recent pullback.  Specifically the $20 Strike, 2020 LEAPS.  We are not entirely sure on the latest note selling for call buybacks but we do know the company is clearly doing the right things to turn profit.  Also, CNBC reported:

"In March, TheStreet's sister site TheDeal reported that cybersecurity firm FireEye Inc.(FEYE - Get Report) could be an acquisition target for Cisco.?

Happy Trading...

IMGN Puts Continue to Pay and SYMC should start

Closing out this months 10 Puts on IMGN that expire Friday.  These last couple of months have been great but I think we've been riding some other coat-tails as the June strikes have almost no OI compared to the 10K+ of recent.


SYMC was hammered after the internal audit but appears it may be overblown much like the BAH crisis this past year.  20 PUTS are looking good.


Happy Trading