Fri 12 June 2020 Morning Notes

Took my licks on TDC and moved on, got no time to sit on a bad trade. Booked +50% on WRTC July 7.5/5 ratio put spread and sold a portion of my HTZ ratio spread for +20%. Sold the June $10 puts in SGMO and added the SGMO Jun/July 13 call calendar for .55. Massive call action and IV rip in the name yesterday. Sold 40 of the Jan '21 $1 puts in GNUS for .70.. No doubt in my mind that it'll be under $1 by then, but that gives me between now and then to buy them back for sub .70. Obvious pump scheme so I think I'll be able to clear those for a profit.. so long as the mark doesn't go massively wide..

Earnings: Yesterday AMC: ADBE, LULU, PLAY
Today BMO: PLCE

Other News:

Follow Through Names to Watch: SGMO, BA

GAINERS:


LOSERS:


FLAT:

Follow through watch:

Day before Y'day AMC:
Yesterday BMO: PLCE

Y'day Other News: GRUB pops on M&A with a European food co; TDC ripped yesterday on t/o speculation and a CNBC pump from Naj; RETA: +24% at 162 on strategic investment; GRUB: +5.6% at 62 on M&A all stock deal;

2 days ago AMC: CHWY, FIVE, GME; AMC, LAKE, VRNT
2 days ago BMO: GES, RRGB, UNFI

2 Day Old News: LAKE: +51% at 24.20; APT: +21% at 13 on LAKE sympathy; FIVE: +11.5% at 116; CHK: -17% at 19.65 on bankruptcy chatter; WATT: -16% at 2.70, had ripped like 50% toward EOD on patent news y'day;

TT Track of the Day: Finally watched "Cable Guy" last night, I got the name of this song mostly right (thought it was a quarter in hand, not money) but couldn't remember the name of the band for the life of me.. Primitive Radio Gods - Standing outside a broken phone booth with money in my hand #90sForLife