Dropbox Call Option Update

With the stock modestly higher at $22.80, the July 23 calls are now $1.30-$1.40 market, with implied volatility ticking up to about 45%. Volume on the day is now 37,000 contracts which is extraordinary.

SNAP: Looking for More Upside?

The second largest single name stock option volume leader today was SNAP June 7th $12 calls. Over 34,000 of them traded at prices generally between $.35 to $.45 with the stock ranging from $11.65 to $12.20 on the day before closing at basically at $12.00. Part of the...