Thursday, September 7, 2017

Thursday Sept 7 Morning Notes

Earnings: Yesterday AMC: RH
Today BMO: CONN  

Other News: RH just absolutely RIPPING in the pre-mkt. Earnings vol was marked at 270%, however it gapped up 38%, indicative of vol around 625%; MKM out w/AMZN note saying it could be worth 3.5x in 7-8 years; 

Follow Through Names to Watch: PLAY, NAV, FRAN, GIII 
 
GAINERS:
RH: +13.7sd at 68.30, 365k, b/a 0.03. 1sd = 2.8%, SDR = 28%

LOSERS:

Follow through watch:
Day before Y'day AMC:  HPE; HOME, PLAY, CASY, HQY, COUP
Yesterday BMO: FRED, GIII, HDS, JKS, NAV, FRAN

Y'day Other News: Someone shorted 118k FRAN puts on Aug 30 for .05-.10, stock could be testing that level this morning after posting earnings; SRPT popping 14% to 47.20 on positive DMD data; VXX off -2.7% this AM, I had considered a TM inspired trade y'day, selling the Oct 62/70 CS and buying the Oct 45/42 PS for .45. I didn't trade it, I'm guessing it's worth at least $1.00 right now.

2 days ago AMC:
2 days ago BMO:
2 Day Old News: TECK -4.5% on no apparent news; UTX -2.2% on t/o confirmation of COL at $140/share, $30b deal; INSM +136% at 29.20 on positive drug data; KR pre-earn straddle is en fuego

TT Track of the Day: Toto - Hold the Line (love isn't always on time) Damn right, Toto!

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