Wednesday, April 15, 2020

Wed 15 Apr 2020 Morning Notes

I guess one small consolation of this worldwide pandemic is that estimated quarterly taxes for Q1 and Q2 aren't due until July 15, "so I've got that going for me, which is nice"

Sold a bunch of puts in GSX into the massive vol rip following a Citron short tweet. "The siren song of short vol lures another trader closer to the rocks of Margin Call Island". Puts are now 0 bid, but of course have to make it the next 3 days without getting Luckin'd.. though I may ratio it like I did IQ last week #ProMove

Earnings: Yesterday AMC: JBHT

Other News: AAL, DAL, UAL all popping on treasury headlines; TDOC out with preliminary #s;

Follow Through Names to Watch: GSX (obv), ROKU,




Follow through watch:

Day before Y'day AMC:
Yesterday BMO: JPM, JNJ, WFC, FAST,

Y'day Other News: During market hours, Citron tweeted about going short GSX, comparing it Luckin'. IV ripped in the name, with 50% OTM puts marked near 500% IV; ROKU: +12% on viewing numbers; GME is up nearly 100% in 10 days, stunning. Not sure how that company still exists. Yesterday was an absolute ripfest in some former momo names CVNA, TSLA, PTON, ZM - all up over +10%; Looking like my NCLH ratio spread will be a brick, true shame since it was up some decent money but I pressed for more and lost. 

2 days ago AMC: WDFC 
2 days ago BMO

2 Day Old News: Cruiselines CCL NCLH RCL dropping on CDC ordering 100 day halt on them sailing (amazing they weren't already halted tbh); AMC dropping on bankruptcy talk; Oil names popping this morning;

TT Track of the Day: Cannot believe I haven't posted this one yet, Harvey Danger - Flagpole Sitta, my wife manages to confuse this song with itself, somehow.. I'd also argue that this song is quite apropos given the current world situation..

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