Following a brief review of Friday's episode, Howard and Tony discuss artificial intelligence and how it impacts certain tech stocks. With that in mind, they take a look at Facebook.
Howard has a short naked Call in $FB and maintains a bearish bias despite being on the weaker end of its price range, so they look to add more negative delta by route of a skewed strangle.
Moving on, Howard wants to add to his AMZN position, which consists of a short put spread. Due to the high price of the stock, the duo decides to add another Put Vertical further OTM with a similar Probability of Profit.
The team then examines AAPL and decides to add another skewed strangle due to Howard's light buying power use across the board.
Finally, they round out the segment by enhancing Howard's Walmart (WMT) position.
Tune in for a great discussion on what to consider when adding to positions.
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