Have you heard about — and I can’t believe I’m writing this — these new “Satan Shoes?”
Only 665 have been released — at $1,018 each — and the inventory sold out in less than a minute.
The final pair, to total 666, is being given away by lottery on April 1.
April fools sounds about right.
The shoes are black “Nikes” with an upside down cross, a pentagram and red liquid in the sole, claiming to have a drop of human blood.
They also feature the unmistakable Nike swoosh.
But they aren’t Nikes.
And Nike is, predictably, suing.
The rapper, Lil Nas X, created the shoes in collaboration with the New York- based company MSCHF (pronounced Mischief), and they appear in the artist’s new music video for “Montero (Call Me by Your Name).”
You remember Lil Nas X, right?
He sang that super catchy “Old Town Road,” which apparently has given him a huge following among kids
Well his new video … is not for the kids!
Musicians have always seemed to push the envelope.
Elvis’s hips were, what, too sexy? They weren’t allowed to be shown while he performed on TV. (Must have been the MEN in charge! HA!)
Madonna was scandalous with her Sex book in 1992.
Marilyn Manson was considered a shock rocker and anti-religious for tearing up the Bible on MTV.
Don’t forget Ozzy Osbourne biting off the head of a bat live on stage!
They were all just riding the wave of marketing — and making a lot of money doing it.
I’m sorry, but I have to laugh at this whole Lil Nas X flap.
Maybe I wouldn’t if my son, Grant, were younger, but it’s funny to me.
I particularly enjoyed this tweet from someone else who grasped the absurdity …
OK, let’s get to trading …
Speaking of Vaguely Evil Culture …
My Twitter (Ticker: TWTR) options trade was a great idea — only the stock opened up too high to buy the spread where I wanted it.
I am still liking the TWTR stock chart though.
It has moved up from $61.26 to almost $65 closing yesterday at $62.99.
I think the stock can head back to the $70 range.
I like buying a call spread in the Arp16 expiration with 18 days left to trade.
I like buying the 63 calls, right at the money, with an implied volatility of 44.36 and selling the 69 calls with an implied volatility of 46.10.
I will pay $1.75-$1.80 for the 63/69 calls spread.
If the spread trades down to $1.15, I will take my losses. I’ll begin to take profits at the $2.90 and higher level.
When you think you’ve seen it all, you haven’t.
What is next?
There will always be another new scandalous culture crisis — and a new money-making trade!
Thanks for Reading … See You Next Tuesday!