Friday, May 29, 2020

Friday 29 May 2020 Morning Notes

So nice now that IV has come in, making earnings plays more feasible. It was untenable back in march, from any direction (long or short vol).

Earnings: Yesterday AMC: COST, CRM, JWN, MRVL, OKTA, ULTA, VMW, ZS; DELL, DXC, OLLI, PAGS, PSTG, WSM,
Today BMO: CGC;

Other News: 

Follow Through Names to Watch: 

GAINERS:

LOSERS:


FLAT:

Follow through watch:

Day before Y'day AMC: ADSK, HPQ, NTAP, NTNX, TOL, WDAY; BOX, SPTN,
Yesterday BMO: ANF, BURL, CSIQ, DG, DLTR, LL, MOMO;

 Y'day Other News: IOVA: -14% AT 33.35 on drug data;

2 days ago AMC: STNE, TSCO; HEI, KEYS, VSAT,   
2 days ago BMO: RL

2 Day Old News: 

TT Track of the Day: Cruising off into the weekend with Deadmau5 feat. Kaskade - I remember, great track!

Thursday, May 28, 2020

Thurs 28 May 2020 Morning Notes

In the midst of the worst economic collapse since the Great Depression and the market is off -10% from ATHs registered in mid-February. You can put this in your pipe and smoke it: You'll never see the the market make all time highs then all time highs in implied volatility in as short a time span as we've seen this year.

Earnings: Yesterday AMC: ADSK, HPQ, NTAP, NTNX, TOL, WDAY; BOX, SPTN,
Today BMO: ANF, BURL, CSIQ, DG, DLTR, LL, MOMO;

Other News: 

Follow Through Names to Watch: NK, STNE, RL

GAINERS:

LOSERS:
IOVA: -14% AT 33.35 on drug data;

FLAT:

Follow through watch:

Day before Y'day AMC: STNE, TSCO; HEI, KEYS, VSAT,   
Yesterday BMO: RL

 Y'day Other News:

2 days ago AMC: HPE, INTU, NVDA, PANW, SPLK; DECK,
2 days ago BMO: AZO

2 Day Old News: SIX, SEAS, RCL, NCLH all popping on vaccine hopes and reopening plans; ARGX: +25% at 197.25 on drug data; NVAX: +16% at 53.30 on drug news; MRK: +3.4% at 78.99 on drug news and plans to acquire drug co. Themis; HTZ: -36% at 1.83, filed ch. 11 bankruptcy. Spent about a half hour scoping out 1x2 ratio put spreads in the name on Friday, didn't pull the trigger. Those will crush it this morning.

TT Track of the Day: Barnum and Bailey's circus theme song, obv.. I have to watch the kids while the wife is on a conference call.. while I'm trying to trade the open.

Wednesday, May 27, 2020

Wed 27 May 2020 Morning Notes

The market moving higher here, up 1% in the pre-mkt, while Covid related names rally (cruiselines, airlines, theme parks, etc).

Earnings: Yesterday AMC: STNE, TSCO; HEI, KEYS, VSAT, 
Today BMO:

Other News: 

Follow Through Names to Watch: DE, FL, PANW, SPLK

GAINERS:

LOSERS:

FLAT:

Follow through watch:

Day before Y'day AMC:  
Yesterday BMO: AZO

 Y'day Other News: SIX, SEAS, RCL, NCLH all popping on vaccine hopes and reopening plans; ARGX: +25% at 197.25 on drug data; NVAX: +16% at 53.30 on drug news; MRK: +3.4% at 78.99 on drug news and plans to acquire drug co. Themis; HTZ: -36% at 1.83, filed ch. 11 bankruptcy. Spent about a half hour scoping out 1x2 ratio put spreads in the name on Friday, didn't pull the trigger. Those will crush it this morning.

2 days ago AMC: HPE, INTU, NVDA, PANW, SPLK; DECK,
2 days ago BMO: BABA, DE, FL, PDD

2 Day Old News: PANW: +6.9% at 245; SPLK: +6.6% at 174; MRNA: +5.9% at 71 on Fauci comments; HPE: -7% at 9.63;

TT Track of the Day: Wonka - playing the musical lock

Tuesday, May 26, 2020

Tuesday 26 May 2020 Morning Notes

First day back after the long holiday weekend. I bought back my SONO puts on Friday after the stock went nowhere and IV dropped considerably, for a +30% gain overnight. Really regret not trading more of those. I expect SONO IV to completely deflate when it opens this morning after no news came out over the weekend. 

Earnings: Yesterday AMC:
Today BMO: AZO

Other News: SIX, SEAS, RCL, NCLH all popping on vaccine hopes and reopening plans; 

Follow Through Names to Watch: DE, FL, PANW, SPLK

GAINERS:
ARGX: +25% at 197.25 on drug data;
NVAX: +16% at 53.30 on drug news; 
MRK: +3.4% at 78.99 on drug news and plans to acquire drug co. Themis;

LOSERS:
HTZ: -36% at 1.83, filed ch. 11 bankruptcy. Spent about a half hour scoping out 1x2 ratio put spreads in the name on Friday, didn't pull the trigger. Those will crush it this morning.

FLAT:

Follow through watch:

Day before Y'day AMC: HPE, INTU, NVDA, PANW, SPLK; DECK,  
Yesterday BMO: BABA, DE, FL, PDD

 Y'day Other News: PANW: +6.9% at 245; SPLK: +6.6% at 174; MRNA: +5.9% at 71 on Fauci comments; HPE: -7% at 9.63;

2 days ago AMC: EXPE, HUYA, LB, TTWO, YY;
2 days ago BMO: HRL, MDT, BBY;

2 Day Old News: BIDU: -4.3% AT 103.85, considers delisting from Nasdaq #lulz;

TT Track of the Day: Guns n Roses - Patience, as in, I'm running out of patience with TDAmeritrade and their tech issues on Friday mornings. Already migrating that account elsewhere

Friday, May 22, 2020

Friday 22 May 2020 Morning Notes

SONO saw some big call activity that apparently a lot of others jumped on board with. I took the wimp's route, and sold the June 10 puts for .84 avg. IV was marked around 120% when I sold those to open. The stock could drop to 10 and if IV drops to where it opened, I'll be flat in the trade. I expect the stock to trade somewhat flattish (or rip) and expect IV to come in once stock doesn't go anywhere, or after the weekend when no news comes out on Monday.

SONO stats: Traded 69k calls, vs 22k in OI, 30k in OI total if including puts. Traded 15k of the '21 Jan 12.5 calls, 15k of the Jun 12.5 calls, and 16k of the Jun 15 calls. Largest put volume was 2k in the Jun 10 puts, where I imagine many were sold to open to take advantage of the vol spike.

Earnings: Yesterday AMC: HPE, INTU, NVDA, PANW, SPLK; DECK,
Today BMO: BABA, DE, FL, PDD

Other News: 

Follow Through Names to Watch: EXPE, TTWO, BBY,

GAINERS:
PANW: +6.9% at 245;
SPLK: +6.6% at 174;
MRNA: +5.9% at 71 on Fauci comments;

LOSERS:
HPE: -7% at 9.63;

FLAT:

Follow through watch:

Day before Y'day AMC: EXPE, HUYA, LB, TTWO, YY; 
Yesterday BMO: HRL, MDT, BBY;

 Y'day Other News: BIDU: -4.3% AT 103.85, considers delisting from Nasdaq #lulz;

2 days ago AMC: NTES, URBN;
2 days ago BMO: ADI, LOW, MCK, RCL, TGT;

2 Day Old News: LK opens back up for trade, will be getting delisted; Intelsat begins trading as INTEQ; INO: +16% at 16.95, on drug data; ADI: +5.3% at 112; LOW: +4.2% at 121.75; LK: -42% at 2.55, will be getting delisted; FSCT: -14% at 18.10, continuing lower after deal falls through; URBN: -4% at 17.20;

TT Track of the Day: I need a great f'kn track to kick off this holiday weekend, so obviously I'm throwing it back old school to Motley Crue - Kickstart my heart