Flipped a straddle in FI yesterday from 4.60 to $5.60. The bigger news is that I took some cash off the table in my retirement accounts from the stock market, a position I've largely been long on for the past 16 years. I plan on putting the proceeds into Bassman's MBS fund paying a 6% dividend. Everyone and his cousin thinks the market is going higher. I'm wondering if this is similar to everyone and his cousin believing inflation was "transitory".
Yesterday AMC: ASAN, DOCU, GTLB, HPE, IOT, LULU, PATH, ULTA
Today BMO:
Other News: AMC drops on share offering, how many times does this have to happen before AMC longs learn they own complete garbage??
Follow through names to watch: FI
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: AEO, S
Day before Y'day BMO: CSIQ, DG, KR, SIG,
Y'day Other News:
2 days ago AMC: CPB, CRM, OKTA, MRVL
2 days ago BMO: CHWY, DLTR, HRL, FL
2 days ago other news: LUNR: -18% at 11.50; FL: -15% at 20.43; CHWY: -7% at 31.32; CPB: -5% at 43.32; HRL: -2% at 31.15; MRVL: +16% at 111.73; OKTA: +13% at 92.50; CRM: +10% at 367.50; ROKU: +6% at 80.30;
Trade Free or Die
Using options to trade single stock volatility in narrow time frames.. and if you aren't spreading volatility, you're doing it wrong
Friday, December 6, 2024
Thursday, December 5, 2024
Thursday 05 Dec 2024 Morning Notes
Had to run yesterday morning so I didn't trade much, flipped a ratio spread in OKTA and a ratio spread in MRVL for some quick cash, then watched as both ran for big $.. as is tradition.
Yesterday AMC: AEO, S
Today BMO: CSIQ, DG, KR, SIG,
Other News:
Follow through names to watch:
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: CPB, CRM, OKTA, MRVL
Day before Y'day BMO: CHWY, DLTR, HRL, FL
Y'day Other News: LUNR: -18% at 11.50; FL: -15% at 20.43; CHWY: -7% at 31.32; CPB: -5% at 43.32; HRL: -2% at 31.15; MRVL: +16% at 111.73; OKTA: +13% at 92.50; CRM: +10% at 367.50; ROKU: +6% at 80.30;
2 days ago AMC: CLSK, ZS
2 days ago BMO: PLCE
2 days ago other news: NVCR: +30% at 26 on drug news; SMCI: +15% at 37 after BoD finds no evidence of fraud; INTC: +3% at 24.75 on CEO retiring;
Yesterday AMC: AEO, S
Today BMO: CSIQ, DG, KR, SIG,
Other News:
Follow through names to watch:
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: CPB, CRM, OKTA, MRVL
Day before Y'day BMO: CHWY, DLTR, HRL, FL
Y'day Other News: LUNR: -18% at 11.50; FL: -15% at 20.43; CHWY: -7% at 31.32; CPB: -5% at 43.32; HRL: -2% at 31.15; MRVL: +16% at 111.73; OKTA: +13% at 92.50; CRM: +10% at 367.50; ROKU: +6% at 80.30;
2 days ago AMC: CLSK, ZS
2 days ago BMO: PLCE
2 days ago other news: NVCR: +30% at 26 on drug news; SMCI: +15% at 37 after BoD finds no evidence of fraud; INTC: +3% at 24.75 on CEO retiring;
Wednesday, December 4, 2024
Wednesday 04 Dec 2024 Morning Notes
No real trades of note other than an INTC long 24.5c, short 1x 26c, short 1x 26.5c for .49 on Monday that I bricked out of for 0.08 when INTC reversed bigly. Not content with ending on that note, I bot the T 23.5/23 1x2 put spread for 0.06. Looking for it to settle around 23 by end of wk. I also bot a few of the JOBY wkly 7 puts looking for a continued downward move following the CFO stepping down. The stock was up 50% in 8 days so the 7 puts seemed like a good target for the junk company on the news... however, it's a stonk and I got stonked.
Yesterday AMC: CPB, CRM, OKTA, MRVL
Today BMO: CHWY, DLTR, HRL, FL
Other News:
Follow through names to watch:
GAINERS:
MRVL: +16% at 111.73;
OKTA: +13% at 92.50;
CRM: +10% at 367.50;
ROKU: +6% at 80.30;
LOSERS:
LUNR: -18% at 11.50;
FL: -15% at 20.43;
CHWY: -7% at 31.32;
CPB: -5% at 43.32;
HRL: -2% at 31.15;
Follow through watch:
Day before Y'day AMC: CLSK, ZS
Day before Y'day BMO: PLCE
Y'day Other News:
2 days ago AMC: ADSK, AMBA, CRWD, DELL, HPQ, IREN, JWN, URBN, WDAY
2 days ago BMO:
2 days ago other news: NVCR: +30% at 26 on drug news; SMCI: +15% at 37 after BoD finds no evidence of fraud; INTC: +3% at 24.75 on CEO retiring;
Yesterday AMC: CPB, CRM, OKTA, MRVL
Today BMO: CHWY, DLTR, HRL, FL
Other News:
Follow through names to watch:
GAINERS:
MRVL: +16% at 111.73;
OKTA: +13% at 92.50;
CRM: +10% at 367.50;
ROKU: +6% at 80.30;
LOSERS:
LUNR: -18% at 11.50;
FL: -15% at 20.43;
CHWY: -7% at 31.32;
CPB: -5% at 43.32;
HRL: -2% at 31.15;
Follow through watch:
Day before Y'day AMC: CLSK, ZS
Day before Y'day BMO: PLCE
Y'day Other News:
2 days ago AMC: ADSK, AMBA, CRWD, DELL, HPQ, IREN, JWN, URBN, WDAY
2 days ago BMO:
2 days ago other news: NVCR: +30% at 26 on drug news; SMCI: +15% at 37 after BoD finds no evidence of fraud; INTC: +3% at 24.75 on CEO retiring;
Monday, December 2, 2024
Monday 02 Dec 2024 Morning Notes
Managed to squeak out of my SYM position for a small profit, had to run for Thanksgiving related activities so I didn't want to sit on it.. then watched as the position ran for +75%. Earnings season is winding down with only 20 or so names with weeklys reporting this week.
Yesterday AMC:
Today BMO:
Other News:
Follow through names to watch: SYM, SMCI
GAINERS:
NVCR: +30% at 26 on drug news;
SMCI: +15% at 37 after BoD finds no evidence of fraud;
INTC: +3% at 24.75 on CEO retiring;
LOSERS:
Follow through watch:
Day before Y'day AMC:
Day before Y'day BMO:
Y'day Other News:
2 days ago AMC: ADSK, AMBA, CRWD, DELL, HPQ, IREN, JWN, URBN, WDAY
2 days ago BMO:
2 days ago other news:
Yesterday AMC:
Today BMO:
Other News:
Follow through names to watch: SYM, SMCI
GAINERS:
NVCR: +30% at 26 on drug news;
SMCI: +15% at 37 after BoD finds no evidence of fraud;
INTC: +3% at 24.75 on CEO retiring;
LOSERS:
Follow through watch:
Day before Y'day AMC:
Day before Y'day BMO:
Y'day Other News:
2 days ago AMC: ADSK, AMBA, CRWD, DELL, HPQ, IREN, JWN, URBN, WDAY
2 days ago BMO:
2 days ago other news:
Friday, November 29, 2024
Friday 29 Nov 2024 Morning Notes
Put on my largest weekly straddle of the year in SYM following the -33% hammering it took in the pre-mkt on Wednesday. The straddle was going for +/- 8.8%, which seemed cheap given the move it had made. Unfortunately, I pressed for more when I was up immediately off the bat and near noon when I could have flipped for +30% and now it's shaping up to be my biggest brick of the year. So damn typical! Also, I guarantee that next week on Monday it ends up moving |20%|
Yesterday AMC:
Today BMO:
Other News:
Follow through names to watch: DELL, IREN, SYM
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: ADSK, AMBA, CRWD, DELL, HPQ, IREN, JWN, URBN, WDAY
Day before Y'day BMO:
Y'day Other News:
2 days ago AMC:
2 days ago BMO: ADI, ANF, BBY, BURL, DKS, KSS
2 days ago other news: SAVA: -84% at 4.20 on drug news;
Yesterday AMC:
Today BMO:
Other News:
Follow through names to watch: DELL, IREN, SYM
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: ADSK, AMBA, CRWD, DELL, HPQ, IREN, JWN, URBN, WDAY
Day before Y'day BMO:
Y'day Other News:
2 days ago AMC:
2 days ago BMO: ADI, ANF, BBY, BURL, DKS, KSS
2 days ago other news: SAVA: -84% at 4.20 on drug news;
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