Back on July 28th we looked to finance a bearish trade on Masco, selling shorter dated puts to buy longer dated ones to express a view that housing suppliers would follow many of the builders …
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At the end of July we bought a put calendar in MAS with the idea that we could fade the earnings move (earnings were the evening of the trade) and play for the consolidation that would occur …
Continue readingEvent: Tonight after the close, Masco (MAS) reports their Q2 results. The options market is implying about a 6% one day move, which is a bit higher than the 4 qtr avg of a little …
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