Monday, March 30, 2020

Monday 30 Mar 2020 Morning Notes

Friday afternoon I put on what will most likely be my favorite trade of the year, despite not making a dime on it.. I was able to put on about 160 far OTM put spreads in BA for free heading into the last 1.5hrs of trade. Literally a no-risk trade with immense positive convexity. A long odds trade, but the price was right!

Earnings: Yesterday AMC:

Other News: Cruise lines tanking again, all down over 10% in the pre-mkt;

Follow Through Names to Watch: 




Follow through watch:

Day before Y'day AMC: GME, KBH, LULU, OXM
Yesterday BMO:

Y'day Other News: Market dropping a bit lower this morning after an epic +20% rally over the past 3 days.

2 days ago AMC: MU
2 days ago BMO: CSIQ, SIG

2 Day Old News:  WORK reported record number of signups with everyone working from home these days; CAKE stated that it won't be able to pay for its leases in April, though I think pretty much every restaurant is in that camp

TT Track of the Day: Marilyn Manson - Seizure of power, need something macabre given the times

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