Monday, August 26, 2019

Monday 26 Aug 2019 Morning Notes

Last week in vol hindsight: PANW a week from this past Friday tanked 7% toward EOD on report of key executive leaving. EW had a report break around 1130am about its key medical device being recalled, IV was priced around 30% then ripped to over 55% within a half hour as the stock dropped from 219 down to 211. Then on Friday morning, Trump tweeted arguably his most controversial Fed comments yet. With SPY trading around 290.5, the ATM Friday opex straddle was going for 1.99, IV ripped sending the straddle up 10% within two minutes, then the SPY sold off to 285 throughout the day with vol pumping. 

EarningsYesterday AMC:
Today BMO:

Other News: CELG sells psoriasis drug to AMGN in $13b deal, sending CELG up 2% and AMGN down 1%; 

Follow Through Names to Watch: HAS




Follow through watch:
Day before Y'day AMC: INTU, ROST, CRM, HPQ, GPS
Yesterday BMO: FL

Y'day Other News: HAS makes $4b deal for toy co; 

2 days ago AMC: SPLK, JWN, LB;
2 days ago BMO: HRL, DKS;

2 Day Old News: TSLA pops 2% on report of VW interest; EW vol ripped on a stock drop related to a report of a recall during mkt hours at 1130am; KEYS: +9% at 95, saw heavy call trading into EPS; RTRX: -22% at 13.50 on drug data; OSTK CEO abruptly resigns during mkt hours;

TT Track of the Day: Feeling like an old school rap week, Big Pun feat. Fat Joe - Twinz

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