Tues 07 July 2020 Morning Notes

Defied the odds and managed to squeak off a decent trade in a D July 80 straddle, though I left some real $ on the table. I flipped it for cheap bucks, as I was surprised that IV was coming in as stock was dropping. Stock continued to drop and was good for +90% on the straddle, so I'd say IV was way off. 

Earnings: Yesterday AMC:
Today BMO:

Other News:

Follow Through Names to Watch: TSLA, D, UBER

GAINERS:
NVAX: +30% at 103 on $1.5b in funding;
RUN: +12% at 24 on deal to acquire Vivint Solar;
LVGO: +10% at 85.65 on guidance;
ROL: +5% at 45 on guidance;

LOSERS:
D: -3% at 71.50 on follow through;

FLAT:

Follow through watch:

Day before Y'day AMC: FIZZ, NUS
Yesterday BMO:

Y'day Other News: Chinese ADRs (NIO, WB, JD, BABA, GSX, etc) all popping higher this morning after Shanghai closed +5.7%; Berkshire in $10b deal for Dominion Energy assets; UBER: +8% at 32 on $2.5b all stock deal for Postmates; TSLA: +5.5% at 1275, u/g's and continuing higher from Friday;

2 days ago AMC: FIZZ, NUS
2 days ago BMO: 

2 Day Old News: 

TT Track of the Day: In honor of composer Ennio Morricone, Metallica - The Ecstasy of Gold

Monday 06 July 2020 Morning Notes

Kicking off the week in classic form, as my trading laptop runs through W10 updates... updates that I thought it was going to perform overnight. Looks like I'll be using the web interface of my trading platforms. Hopefully the rest of the week goes better than this morning!

Earnings: Yesterday AMC:
Today BMO:

Other News: Chinese ADRs (NIO, WB, JD, BABA, GSX, etc) all popping higher this morning after Shanghai closed +5.7%; Berkshire in $10b deal for Dominion Energy assets;

Follow Through Names to Watch: NUS, FIZZ

GAINERS:
UBER: +8% at 32 on $2.5b all stock deal for Postmates;
TSLA: +5.5% at 1275, u/g's and continuing higher from Friday;

LOSERS:


FLAT:

Follow through watch:

Day before Y'day AMC: FIZZ, NUS
Yesterday BMO:

Y'day Other News: 

2 days ago AMC: FDX
2 days ago BMO: CPRI, M, STZ

2 Day Old News: YRCW: +125% at 4.15 on report of $700m loan from the gov't; AKRO: +37% at 34.15 on drug data; FDX: +11% at 156; INO: -10% at 24.25, I've got the 17/13 ratio on for free and a 14/13 long put spread on for a +$10 credit;

TT Track of the Day: In honor of Charlie Daniels who passed away, Primus cover of the Devil Went Down to Georgia

Thurs 02 July 2020 Morning Notes

Flipped my INO ratio for some decent bucks but left even more bucks on the table as the stock dropped below 19. Same goes for the WKHS ratio I peeled off two days ago that’s now going for 1.20.. 

Earnings: Yesterday AMC: FIZZ, NUS
Today BMO: 

Other News: 

Follow Through Names to Watch: FDX, STZ, CPRI 

GAINERS:


LOSERS:


FLAT:

Follow through watch:

Day before Y'day AMC: FDX
Yesterday BMO: CPRI, M, STZ

Y'day Other News: YRCW: +125% at 4.15 on report of $700m loan from the gov't; AKRO: +37% at 34.15 on drug data; FDX: +11% at 156; INO: -10% at 24.25, I've got the 17/13 ratio on for free and a 14/13 long put spread on for a +$10 credit; 

2 days ago AMC:  MU
2 days ago BMO:  CAG, AYI

2 Day Old News: AYI: +10% at 99.10; BE: +10% at 9.02; LDL: +8% at 13.90 on contract award; MU: +5.5% at 51.90; XLNX: +4.3% at 96 on guidance; UBER: +4% at 30.80 on report of possible bid for Postmates; LULU: +3.4% at 304.50 on acquisition of fit mirror thing; CAG +3% at 34.80; GNW: -21% at 2.02 on merger postponement; INO: -14% at 27.40 on drug data; JCOM: -8.7% on short report; 

TT Track of the Day: Obviously I’m going with Dada Life’s “born to rage” 

Wed 01 July 2020 Morning Notes

I know I say this every month, but I can't believe it's already July and the start of Q3. Wild! I know I promised myself I wasn't going to trade yesterday because I was quite content with my pnl for the month of June... but, I couldn't pass up the vol opportunity in WKHS options. I was able to put on the July 17.5/30 1x2 call spread at a net .40 credit, then 2hrs later sell the same spread for a .35 credit, capturing a per-spread profit of .75. I'll be damned if I couldn't have sold it for .70 an hour later though. If I were French, I'd probably say something like "C'est la vie"... but I'm not, I'm American, so I'd rather quote Joe Walsh, "I can't complain but sometimes I still do".

Earnings: Yesterday AMC: FDX 
Today BMO: CPRI, M, STZ

Other News:

Follow Through Names to Watch: CAG, MU, WKHS

GAINERS:
YRCW: +125% at 4.15 on report of $700m loan from the gov't.
AKRO: +37% at 34.15 on drug data;
FDX: +11% at 156;

LOSERS:
INO: -10% at 24.25, I've got the 17/13 ratio on for free and a 14/13 long put spread on for a +$10 credit;

FLAT:

Follow through watch:

Day before Y'day AMC: MU
Yesterday BMO: CAG, AYI

Y'day Other News:  AYI: +10% at 99.10; BE: +10% at 9.02; LDL: +8% at 13.90 on contract award; MU: +5.5% at 51.90; XLNX: +4.3% at 96 on guidance; UBER: +4% at 30.80 on report of possible bid for Postmates; LULU: +3.4% at 304.50 on acquisition of fit mirror thing; CAG +3% at 34.80; GNW: -21% at 2.02 on merger postponement; INO: -14% at 27.40 on drug data; JCOM: -8.7% on short report;

2 days ago AMC: 
2 days ago BMO: 

2 Day Old News: CHK finally files for bankruptcy; KNSA: +39% at 32 on drug data; COTY: +16% at 4.90, pulls a GPS and invests/teams up w/Kim Kardashian; BA: +8% at 182 as it begins 737 flight tests; BP: +3% on asset sales; ICPT: -30% at 53.80 on drug news; FB: -3% at 208 on ad boycott;  

TT Track of the Day: Finally returned to the gym squat rack last night!! First time in over 4 months, felt great. Rather than a track of the day, I'm going with a "squat of the day", and here's the man Mark Rippetoe instructing how it's done

Tuesday 30 June 2020 Morning Notes

The last day of Q2! I've hit my mark for June, so I'm reluctant to put anything on today.. but we'll see. And don't forget, estimated quarterly taxes for Q1 and Q2 are duly July 15!

Earnings: Yesterday AMC: MU
Today BMO: CAG; AYI

Other News:

Follow Through Names to Watch: GPS, ZGNX

GAINERS:
AYI: +10% at 99.10;
BE: +10% at 9.02;
LDL: +8% at 13.90 on contract award;
MU: +5.5% at 51.90;
XLNX: +4.3% at 96 on guidance;
UBER: +4% at 30.80 on report of possible bid for Postmates;
LULU: +3.4% at 304.50 on acquisition of fit mirror thing;
CAG +3% at 34.80; 

LOSERS:
GNW: -21% at 2.02 on merger postponement;
INO: -14% at 27.40 on drug data;
JCOM: -8.7% on short report;

FLAT:

Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News: CHK finally files for bankruptcy; KNSA: +39% at 32 on drug data; COTY: +16% at 4.90, pulls a GPS and invests/teams up w/Kim Kardashian; BA: +8% at 182 as it begins 737 flight tests; BP: +3% on asset sales; ICPT: -30% at 53.80 on drug news; FB: -3% at 208 on ad boycott;   

2 days ago AMC: NKE, CAMP, SNX
2 days ago BMO: APOG

2 Day Old News: Banks all notching lower after stress tests yesterday; CLGX: +20% at 64 on $65/share cash bid for co. by CNNE and Senator Investment; CAMP: +18% at 8.90; BIG: +16% at 39.56 on guidance; GPS: +15% at 11.73 on... get this... Kanye West collaboration, lol; ZGNX: +14% at 32.25 on drug data; NKE: -3.4% at 98;  CNNE: flat at 39.80;

TT Track of the Day: Doobie Brothers - Jesus is just alright