Tuesday, May 19, 2020

Tuesday 19 May 2020 Morning Notes

H/t to @DMOptions for the heads up on ACB put premiums. The stock opened at 12.32, but for all intents and purposes began trading around 14.50, yet the weekly 8.5 and 8 puts were trading for more $ with the stock at 18 than they were when the stock opened, thanks to a massive rip in the IV of the weekly options. I sold a few of the 8s and 8.5s, but it was tricky because it was all small lots keeping it bid and I kept dropping the bid with my orders.

Earnings: Yesterday AMC: BIDU, IQ;

Other News: Bunch of offerings announced AMC: CVNA, MRNA, NVAX, CLVS; Intelsat, JCP and LK are all now delisted;

Follow Through Names to Watch: SE, ACB, MRNA, GSX




Follow through watch:

Day before Y'day AMC:
Yesterday BMO: SE

 Y'day Other News: MRNA: +26% at 83, on promising Covid data; FSCT: -25% at 22.25, after deal falls through. 6k June 30 puts hit pay dirt; GSX: -15% at 30, on MuddyWaters short report, Citron has called this out as well;

2 days ago AMC: ACB, AMAT, CVET, DDS, DENN,
2 days ago BMO: DKNG, JD, VFC

2 Day Old News: Intelsat files for Chapter 11, so long, ye.

TT Track of the Day: Pink Floyd - Money

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