We hold a September 270 – September 510 strangle for 13.20 that we legged into and then gave up for dead, not for no good reason. A payoff is still a longshot, but the way the stock has been moving lately, it couldn’t hurt to remind ourselves that we do have a horse in the race. From a Hidden Pivot perspective, Gluggle could run up to as high as 553.87 — and how would your strangle look then, Fast Eddie?
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