Bearish on FICO; holds puts based on thesis that competition from Vantage score adoption weakens its mortgage pricing power.

We got FICO Fair Isaac Corp is down $165. Uh it change FHFA changes allowing Vantage score alongside FICO and Fanny May Freddy mortgage pricing are fueling concern that competition could weaken FICO's longstanding mortgage scoring advantage.

So FICO and we're not going to touch this with a 10-ft pole but FICO is down from 840 to 675.

Did you cover FICO this morning? It's my perpetual put stock for a while. Grab some 800 puts for November last week for around $30. They should open year 100 going to keep holding.

Uh, I mean the fact that you bought FICO puts I mean I'm just curious big that's number one amazing right always a risk to buy $30 puts the fact that it could be worth a hundred

I mean the fact that you bought FICO puts I mean I'm just curious big that's number one amazing right always a risk to buy $30 puts the fact that it could be worth a hundred that is that is why we trade options because you would never nobody would ever get short a stock at $840 it's too scary.

A 10% move is $84, right? On a 100 shares, that's $8,400. So, the only way to trade this is using options.

So, big bees in FICO grab the November. And and by the way, what I love about the November is you have that earnings also, so that you know that premium is going to stay there.

So, you grab them for 30. this trade was already working for you and now it's going to be no I think I think it's going to be closer to if you bought the 800 puts in November last week for 30 they could be like 150 on the open which is that's a that's a 5x options trade nice way to start your day and uh we're all here for it congratulations that's that's good I hope you uh I I hope you get a nice print on the open

He has puts on FICO. 800 puts he bought for $30 and the stock's down like 150 this morning. He's going to 5x on those puts. I'm so excited and jealous. Not jealous of the money, jealous of the feeling of having that kind of open on a trade.

I haven't gotten one of those in a while where you get that overnight gift.

you're coming in with the trade of the day with uh the puts on FICO.

FICO down at 673 down 20%.

He had a a bought the 800 put in FICO for $30.