Wednesday, April 4, 2018

Wednesday 4 Apr 18 Morning Notes

Man, was I way off on my estimated capital gains tax payments for last year. Ugh. Entered a LFIN Apr/Jun 2.5 put calendar for .25. Keeping my fingers crossed it isn't delisted within the next 3 weeks... Meanwhile, looks like we have ourselves a good old-fashioned trade war thanks to Trumplestiltskin #clown

Earnings: Yesterday AMC: CLDR -33%, PLAY -7%
Today BMO: KMX -3.3%; AYI -10% (CREE -2% on sympathy)

Other News: Lots of names getting smoked this AM on tradewar news - BA, DE, LYB, etc
Follow Through Names to Watch:


AYI: -10% at 120.46
CREE: -2% at 38.70


Follow through watch:
Day before Y'day AMC: SWCH
Yesterday BMO:

Y'day Other News: LFIN appears to be the new CYNK. This thing was trading at 75/share a week ago, it's marked at 11 in the pre-mkt. 2.5 strike Apr puts were added y'day, and it traded 2800 of them with 2200 added to OI with them trading between .20 to .30'ish. Unreal! 
GM no longer to report sales numbers on a monthly basis, will now report quarterly. 
SPOT spotify begins trading today, should be interesting since it's a direct listing and it didn't take the traditional route to IPO. Looking forward to when options list! 
VIAB -3% after CBS offers a "takeunder" all stock deal for VIAB.

2 days ago AMC: 
2 days ago BMO: CALM

2 Day Old News: OWMT -1% as it's in talks to purchase HUM +5%; TSLA -4% on 125k veh recall notice and Musk's April Fools bankruptcy tweet...; ALKS -20% on FDA news; TSN dropping on d/g and tariffs imposed by China in trade war retaliation; Trump out with another tweet knocking AMZN

TT Track of the Day: Ciara - Oh feat Ludacris, classic beat

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