Wednesday, June 12, 2024

Wednesday 12 June 2024 Morning Notes

Well, I stand corrected. Apparently the GME secondary will be absorbed by the market, amazing! Absolutely can't believe it.

Yesterday AMC: ORCL
Today BMO:

Other News:

Follow through names to watch: GME, AAPL, ADSK, AMC, PARA

GAINERS:

LOSERS:

Follow through watch:

Day before Y'day AMC: ADSK
Yesterday BMO: ASO

Y'day Other News: AFRM: +10% at 33.50; ZIM: -10% at 18.34;

2 days ago AMC:
2 days ago BMO: GME

2 days ago Other News: KKR: +7.6% at 105, to join SP500; CRWD: +5.2% at 367.50, to join SP500; LUV: +7% at 29.80 after Elliot mgmt takes $2b stake; NVDA begins trading at $120 today after a 10 for 1 stock split;

Tuesday, June 11, 2024

Tuesday 11 June 2024 Morning Notes

GME cracked below 25 yesterday, HelloKitty is now underwater in his 120k June $20 calls. I picked up the weekly 20/18/16 1x1x1 skip strike ratio put spread for about 16 cents. Lots of shares being sold in the secondary and will be tough for the GME diamond hands to bear the new issuance.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: KKR, CRWD, GME

GAINERS:
AFRM: +10% at 33.50;

LOSERS:
ZIM: -10% at 18.34;

Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News: KKR: +7.6% at 105, to join SP500; CRWD: +5.2% at 367.50, to join SP500; LUV: +7% at 29.80 after Elliot mgmt takes $2b stake; NVDA begins trading at $120 today after a 10 for 1 stock split;

2 days ago AMC:
2 days ago BMO: GME

2 days ago Other News: GME posts earnings and announces equity raise as stock starts meming again.

Monday, June 10, 2024

Monday 10 June 2024 Morning Notes

Flipped a GME 35-30-25 put butterfly on Friday for +62%, only to watch it close for +200%, so it goes.

Yesterday AMC:
Today BMO:

Other News: NVDA begins trading at $120 today after a 10 for 1 stock split;

Follow through names to watch: GME, AMC

GAINERS:
KKR: +7.6% at 105, to join SP500;
CRWD: +5.2% at 367.50, to join SP500;
LUV: +7% at 29.80 after Elliot mgmt takes $2b stake;

LOSERS:


Follow through watch:

Day before Y'day AMC:
Yesterday BMO: GME

Y'day Other News: GME posts earnings and announces equity raise as stock starts meming again.

2 days ago AMC: LULU
2 days ago BMO: NIO, PLCE

2 days ago Other News:

Friday 07 June 2024 Morning Notes

Closed my LULU earnings gap trade that I had put on for $2.15 for $4.63, I'll take it.

Yesterday AMC:
Today BMO: GME

Other News: GME posts earnings and announces equity raise as stock starts meming again.

Follow through names to watch:

GAINERS:


LOSERS:


Follow through watch:

Day before Y'day AMC: LULU
Yesterday BMO: NIO, PLCE

Y'day Other News:

2 days ago AMC: CRWD, HPE, SFIX
2 days ago BMO: CPB, DLTR

2 days ago Other News:

Thursday, June 6, 2024

Thursday 06 June 2024 Morning Notes

No real trades of note other than an earnings gap trade in LULU due to how jacked IV was and how destroyed the stock got in the last two reports. I looked at credit put spreads but everything looked like trash. Settled on a 330/350/370 call butterfly using June monthlys. Those strikes put the butterfly in the implied move and in the range of the avg max move the stock has historically made. I paid $2.15 for the spread

Yesterday AMC: LULU
Today BMO: NIO, PLCE

Other News:

Follow through names to watch: CRWD, HPE, DLTR

GAINERS:


LOSERS:


Follow through watch:

Day before Y'day AMC: CRWD, HPE, SFIX
Yesterday BMO: CPB, DLTR

Y'day Other News:

2 days ago AMC: GTLB
2 days ago BMO: BBWI

2 days ago Other News: AX: -16% at 44.25 on Hindenburg short report; BBWI: -8% at 47.73; GME: -6% at 26.30 after rallying nearly 80% in pre-mkt yesterday; AMC: -3% at 4.66 on meme stock weakness; ANNX: +34% at 6.15 on drug news; CORZ: +30% at 6.30 on drug news;