Thurs 28 May 2020 Morning Notes

In the midst of the worst economic collapse since the Great Depression and the market is off -10% from ATHs registered in mid-February. You can put this in your pipe and smoke it: You'll never see the the market make all time highs then all time highs in implied volatility in as short a time span as we've seen this year.

Earnings: Yesterday AMC: ADSK, HPQ, NTAP, NTNX, TOL, WDAY; BOX, SPTN,
Today BMO: ANF, BURL, CSIQ, DG, DLTR, LL, MOMO;

Other News: 

Follow Through Names to Watch: NK, STNE, RL

GAINERS:

LOSERS:
IOVA: -14% AT 33.35 on drug data;

FLAT:

Follow through watch:

Day before Y'day AMC: STNE, TSCO; HEI, KEYS, VSAT,   
Yesterday BMO: RL

 Y'day Other News:

2 days ago AMC: HPE, INTU, NVDA, PANW, SPLK; DECK,
2 days ago BMO: AZO

2 Day Old News: SIX, SEAS, RCL, NCLH all popping on vaccine hopes and reopening plans; ARGX: +25% at 197.25 on drug data; NVAX: +16% at 53.30 on drug news; MRK: +3.4% at 78.99 on drug news and plans to acquire drug co. Themis; HTZ: -36% at 1.83, filed ch. 11 bankruptcy. Spent about a half hour scoping out 1x2 ratio put spreads in the name on Friday, didn't pull the trigger. Those will crush it this morning.

TT Track of the Day: Barnum and Bailey's circus theme song, obv.. I have to watch the kids while the wife is on a conference call.. while I'm trying to trade the open.