if you think this high flying name can fly even higher, tony zang has a way to play it. what are you thinking on this one? >> i want to turn our attention here to zoom because i actually think this is one of the stocks that's fairly misunderstood by investors. if we look at the chart, the stock has ran from about $60 all the way up to about 105 right after the ipo and pulled back right back to that $60 level consolidated for quite some time between 60 and 75, and just three weeks ago started to break out and we're back at that 105 level. it's pulled back a little bit, and that's the opportunity that i see to get long with earnings as the catalyst that we need to get this above to its new 52-week high if we look at the earnings themselves, the analysts are currently expecting about $0.07 on earnings and about 176 on revenues i actually think if we look at analysts' revisions lately they could blow this out of the water from this perspective. if we look at options, they're really expensive the options are currently implying about a 16% move here on earnings, which is signi

last week, tony zang made a bet on some earnings magic from disney >> if we look at options here, onehat i have here is the fact that i'm looking for an upside move fairly quickly normally, i'd like to use a call option to place this type of trade. however, if you look at the implied volatility of options for disney, it is very high. i'm looking at a fairly simple structure here using a call vertical, trading a 135/150 call paying about $6.90 for the march 135 calls and then collecting about $1.60 on the march 150 calls. >> disney is up 2% since then. as of now, tony's trade is in the green. he couldn't join us tonight, but he was kind enough to send us a postcard from the road he writes, i'm in sunny orlando right now outside of disney world. good for him despite strong disney plus growth, price action after earnings has not been compelling it is time to take your profits. cheers from mickey and the gang. mike, do you agree it is time to get out of this one? >> absolutely. look, when you have a situation like this, where you get a quick pop and then it gives it back and then some rig

. >> if you're a pizza lover too, tony zang is setting up a slice of opportunity there's one name he is sinking his teeth into it's time to risk less and make more "options action" starts right now. welcome, hi, everybody let's get to it here on a friday energy, of course, it's been lagging the markets, lagging the market for five years. but crude is actually quietly trying to creep a little bit higher in fact, oil just handed in its best week of the year. not saying a lot but it did. if you're betting that a crude comeback could be in the works, carter both worth is going to lu one way to play it. >> bottom fishing is dangerous stuff as we know, yet sometimes it's very profitable it's zero in on crude. this is the fun contract on the imax right now what is clear is we have come down to this level repeatedly. a little bit of a breach, but we have essentially held. if i were to go to the christmas crude contract, which is one of the more lagging ones, same circumstance we've come down, and we have held that's not random. whether that's algorithm -- the christmas crude of 2021, on dece

. >>> rounding out our earnings coverage for the day, john deere reports tomorrow morning tony zang overis stock trades fairly actively we saw about 32,000 contracts cross the tape this stock reports earnings tomorrow morning the current options are reporting. we've seen almost a 6% move. earlier today, we saw a fair amount of bearish flow we saw 400 contracts with the june 150 puts purchased for about $4 that trader also sold 400 contracts of the june 195 calls. net debit -- if you look at this at expiration, the break-even is at $147.20 that's a bearish bet, but that's not entirely fair. a short risk reversal is similar to a short stock position. if we look at this trade, this trader is net short about 14,000 shares if we look at a 4% spread, if it moves 4% lower, this is looking about $100,000 profit. so a clean way to take a bearish trade going into earnings. >> we're going to watch those numbers tomorrow, see if it pays off or gets crushed. for more options action, tune into the full sh torowomrow night at 5:30. >>> up next, your final trade. ♪ ♪ ♪ ♪ ♪ the unparalleled landscape of

options play chief strategist tony zang is here to break it down where are they falling >> wynn reportsth. implying 6.2% move significantly larger than what we've seen. 2.7% and reflects the market's fear on the coronavirus and their exposure in china. today what we saw earlier was a fairly large 806 contract risk reversal traded. the breakdown of this trade, the seller sold march 20 110 puts and paid for a 150 call fairly far out of the money net/net this trader paid about 5 cents for this particular spread and if we understand this particular strategy we have to look at the risk profile at expiration which requires a 14% move to the upside and 9% move to the downside to break even to the downside but to understand this particular trade, before expiration the trade acts pretty much like a stock so this trader has notional stock value of about $3.5 million while putting just the small amount of capital at risk to take thissing long stock exposure going into earnings. >> any quick thoughts on a trade here >> tony does a great job tony is crushing it. 135, wynn is in absolute no man's lan