Jeff 12:36 pm on Thursday, August 3, 2017

STMP

I knew it was bullish, but WTF? How is it a company selling stamps is up 33% in one day?

Ramie 12:38 pm on Thursday, August 3, 2017

Honestly I can’t figure out their business model. I’m sure there’s more to it (at least I hope) but who is mailing letters these days? Reminds me of that Louis CK bit where he’s getting money from the ATM and notices people inside the bank and asks “What are they DOING in there??”
thomberg1201 12:38 pm on Thursday, August 3, 2017

Incredible-great call on the puts!
- Jeff 12:39 pm on Thursday, August 3, 2017
  
  next time need to buy calls too. Every quarter i take a bullish trade but think that it’s gonna crash back to earth someday.
geewhiz112 12:39 pm on Thursday, August 3, 2017

Rumor that they have a philately collection that is undervalued. ;-}
- Jeff 12:45 pm on Thursday, August 3, 2017
  
  The highest strike call for the next several series is 195 or 200. Currently trading at 204.
hcgdavis 6:48 am on Friday, August 4, 2017

Irrational exuberence! Same reason AAPL is almost a trillion dollar company, do they really have more hard assets than say an XOM or is PCLN really worth 2k a share?

However selling options we can ride that train the same way we insure peoples irrational fears.