Monday 27 March 2023 Morning Notes

Focusing on my COIN short... No need to trade anything else at the moment. This is consuming all of my energy/attention

Friday 24 March 2023 Morning Notes

No trades of note yesterday, aside from a small otm wkly 61/60 put spread in COIN that I had bot for 22 cents. I thought for sure it would close under 60 by Friday opex. Still plenty of time left. I also bought a few far otm puts for a penny, on the unlikely chance of a SIVB/FRC-like follow through floor drop.

I closed out essentially the last of my CS trades, I had a June 1.4/0.9 1x2 put spread that I had put on for a 0.04 credit, that I flipped for a 25 cent total credit. Far from a "nips to blips RV trade" as Harley Bassman might say, but a solid flip for an 8day hold.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: GME,

GAINERS:

LOSERS:


Follow through watch:

Day before Y'day AMC: CHWY
Yesterday BMO: ACN

Y'day Other News: SQ: -17% at 60 on Hindenburg report; COIN: -15% at 65 on SEC/Wells Notice;

2 days ago AMC: GME, NKE
2 days ago BMO:

2 days ago Other News: AG drops on report of mine closure;

Thursday 23 March 2023 Morning Notes

I put on two trades yesterday, a GME 15-10-5 1x1x1 "skip-strike" put ratio, buying the 15s, selling the 10s and selling the 5s for about $1.60. Max gain is $3.40 and max loss is limited to debit paid. I like this trade as I can't see GME standing much of a chance in the "high" interest rate environment

I also tweeted about a "generational (put) buying opportunity" in COIN, stating that I thought a June put condor made the most sense.. mostly due to trying to off-set the implied vols... fast forward a couple hours later, and COIN gets crushed 20% on a SEC Wells Notice. I wish I put this trade on in more size, and wish it weren't a spread.. but I suppose at least I have something. on.

Yesterday AMC: CHWY
Today BMO: ACN

Other News:

Follow through names to watch: GME,

GAINERS:

LOSERS:
SQ: -17% at 60 on Hindenburg report;
COIN: -15% at 65 on SEC/Wells Notice;

Follow through watch:

Day before Y'day AMC: GME, NKE
Yesterday BMO:

Y'day Other News:

2 days ago AMC:
2 days ago BMO: CSIQ, TME

2 days ago Other News: AG drops on report of mine closure;

Wednesday 22 March 2023 Morning Notes

Bot back my UBS short calls for a profit yesterday, though could have closed them for more the day prior. I wasn't expecting the stock to rally, especially following a downgrade by Moody's and soaring premiums to insure UBS bonds.

Yesterday AMC: GME, NKE
Today BMO:

Other News:

Follow through names to watch: AG, CS, FRC, USB

GAINERS:

LOSERS:


Follow through watch:

Day before Y'day AMC:
Yesterday BMO: CSIQ, TME

Y'day Other News: AG drops on report of mine closure;

2 days ago AMC:
2 days ago BMO: FL, PDD

2 days ago Other News: UBS agrees to buy CS for $3b, which is a 60% discount to where CS closed on Friday;

Tuesday 31 March 2023 Morning Notes

Sold a bunch of otm Apr calls in UBS yesterday due to a vol rip that sent the calls soaring in price. The 22.50's were trading for more than they were at the end of February when the stock was 10% higher. Stupid nonsense.

Yesterday AMC:
Today BMO: CSIQ, TME

Other News:

Follow through names to watch: CS, FRC, FL, UBS

GAINERS:

LOSERS:


Follow through watch:

Day before Y'day AMC:
Yesterday BMO: FL, PDD

Y'day Other News: UBS agrees to buy CS for $3b, which is a 60% discount to where CS closed on Friday;

2 days ago AMC: FDX, MARA
2 days ago BMO:

2 days ago Other News: SRPT: -20% at 120 on FDA news;