TIV-TV Aug 12.5 put
TIV still holding its test against the $10 area but may try and retest it again tomorrow. Every successful test helps build a much-needed base of support at the $10 price. We still are playing it very close. But as the last commentary says we will hold on as long as TIV does not break $10 support. Any break below $10 on an inter-day basis and close and we will close out the spread position for $2.65 Debit or a net loss of $2.05. Once again, Let's watch closely to see if TIV can continue to hold support at $10,
ADBL - Audible Inc. $16.92 Aug 17.5 Put
ADBL has slowly crept back above the $17 price. We are looking for support around $16.90, however any break and close below that price we will looking to exit for a NET DEBIT of $1.75 or a NET LOSS of $0.90. Look for support at $16.90 area. Will need to bounce off this area in order to hold the current position.
Both positions are being monitored closely