Monday, December 16, 2019

Monday 16 Dec 2019 Morning Notes

It's December monthly opex week, then heading into Christmas after that. The 2019 trading year is winding down. I read that Zoltan repo piece that was making headlines last week, somewhat intrigued to see if his prognostications prove prescient. I put on the Jan 140 straddle in JPM which captures earnings to bookend vol to some extent, should there be anything to Zoltan's piece.

Earnings: Yesterday AMC:
Today BMO:

Other News:

Follow Through Names to Watch: ADBE, SRPT

AMRN: +3.7% at 25 on drug news;
DD: +3.4% on news it's selling nutrition biz for $26b;
WW: +3% at 39 on deal;

WVE: -52% at 18 after announcing discontinuation of drug trial;
PCG: -20% at 8.95 after CA Governor rejects reorg. plan;
BA: -4% at 327 after talk of halting 737 production;


Follow through watch:

Day before Y'day AMC: ADBE, AVGO, COST, ORCL,
Yesterday BMO:

Y'day Other News: Brexit related issues all ripping this morning after conservatives land majority there; SRPT: +31% AT 132 on drug approval; SAGE: +8% at 77.50 on open mkt insider buys; ORCL: -2.6% at 55; AVGO: -2.5% at 320;

2 days ago AMC: LULU, TLRD
2 days ago BMO: CIEN

2 Day Old News: OLLI: +10% at 66.50; VRA: +4% at 12.50; PLAY: +2% at 40.90; GME: -19% at 5.30; PLCE: -15% at 59.60; AEO: -8% at 13.93;

TT Track of the Day: Hank Williams Jr "Are you ready for some football" theme

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