Thursday 21 Sep 2023 Morning Notes

Flipped a PINS 26.5/25 1x2 put ratio on the open yesterday for some quick bucks, small outlay with a many-multiple reward. Looks like that trade will be an even bigger winner this AM, but I didn't want to press it into the Fed.

All kinds of things going on this morning so it'll be relatively busy for me.

Yesterday AMC: FDX, KBH
Today BMO: VFS

Other News: CSCO to acquire SPLK for $157 in cash, roughly at $28b deal;

Follow through names to watch: CART

GAINERS:
SPLK: +21% at 144.30 on CSCO deal;
FDX: +4.6% at 262.20;

LOSERS:
AVGO: -5.7% at 783, GOOG looking to replace Broadcom chips;
CSCO: -4% at 53.20 on SPLK deal;
KBH: -4% at 46.10;

Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News: PINS: +5% at 27.80;

2 days ago AMC: SFIX
2 days ago BMO:

2 days ago Other News:

Wednesday 20 Sep 2023 Morning Notes

I missed yesterday's day of trade entirely but I'm back this morning. Tough break for anyone who bot the open on the Instacart IPO yesterday as it opened around $41 only to close below $34, a decline of 17%, ouch.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: CART

GAINERS:
PINS: +5% at 27.50;

LOSERS:


Follow through watch:

Day before Y'day AMC: SFIX
Yesterday BMO:

Y'day Other News:

2 days ago AMC:
2 days ago BMO:

2 days ago Other News: Bitcoin names popping a bit on BTC sympathy;

Monday 18 Sep 2023 Morning Notes

Not sure what happened but I completely missed my Friday morning post. I ended up flipping a super wide 55/50 strangle on PLNT for some decent cash, through nothing more than sheer luck. Then flipped a 52.5/55 1x2 call ratio for peanuts, then watched it run hours after I flipped it.

Shaping up to be a quiet week after September opex last week. Earnings are essentially dead; however, recent hot IPO ARM now has options listed on it, but they're all monthly series. ARM is also an ADR and I usually try to avoid trading ADRs.

Yesterday AMC:
Today BMO:

Other News: Bitcoin names popping a bit on BTC sympathy;

Follow through names to watch:

GAINERS:


LOSERS:


Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News: PLNT crushed 15% on surprise CEO change;

2 days ago AMC:
2 days ago BMO:

2 days ago Other News: AMC: +9% at 8.95 after completing secondary; HPQ: -5.5% at 26.78 on Berkshire selling shares;

Thursday 14 Sep 2023 Morning Notes

Woke up on the wrong side of the bed this morning and am exhausted, also have tennis this morning so I probably won't be doing much. Flipped a ratio put spread in CBRL for some quick bucks yesterday only to watch it run for additional hundreds of % higher. So it goes.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch:

GAINERS:
AMC: +9% at 8.95 after completing secondary;

LOSERS:
HPQ: -5.5% at 26.78 on Berkshire selling shares;

Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News:

2 days ago AMC: ORCL
2 days ago BMO:

2 days ago Other News: ORCL: -10% at 113;

Wednesday 13 Sep 2023 Morning Notes

No trades of note yesterday due to being tied up all day. My SJM straddle seems to be destined for max loss, still have some time left but I wouldn't say I'm optimistic about the trade.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch:

GAINERS:


LOSERS:


Follow through watch:

Day before Y'day AMC: ORCL
Yesterday BMO:

Y'day Other News: ORCL: -10% at 113;

2 days ago AMC:
2 days ago BMO:

2 days ago Other News: TWNK: +19% at 33.40 on possible deal with SJM; SJM: -7% at 131.50 on potential TWNK deal;