Flipped straddles in AVGO, CIEN and ZM on Friday, all for nice winners, AVGO especially. And of course, I ran into more issues with Thinkorswim trying to trade the open, incredibly frustrating when I'm in a position that's up big and I can't get out of it thanks to platform issues. I realized the obvious flaw in my plan to open the opposite trade in a different platform to lock in my gains... because the chance existed that my trade could have been closed out in Thinkorswim but appears open, so then I'd end up in a position that I'd never want to put on. A trading turd sandwich of a situation.
Tacked on a HTZ July 2-1 1x2 put spread for .20. Amazing risk/reward on this one, and it was trading at .40 just a few days ago. Also added to my Jan '21 TAL 30/15 1x2 put ratio spread, my average cost is now .42. Would take an LK-like event to drive this ITM, but the potential payoff is obscene at over $14.00, more realistically would be a 10-20x return on this one. I now have longer dated ratios in TAL, GSX, AAXN, HTZ and WRTC
No earnings on deck this morning, so we'll see what the weekend news brings.
Earnings: Yesterday AMC:
Follow Through Names to Watch:
Follow through watch:
Day before Y'day AMC: AVGO, DOCU, GPS, MDB, WORK; COO, DOMO, PD, YEXT,
Y'day Other News: The market is ripping higher this AM on the jobs report, several Covid-affected names are either absolutely ripping, or dropping depending on how they've been affected by Covid.
2 days ago AMC: CLDR; CMTL, ESTC, SMAR, ZUO
2 days ago BMO: CIEN, NAV
2 Day Old News: ZUO: +20% at 15.07; EBAY: +10% at 51 on guidance; ATSG: +10% AT 23.35 on contract award with AMZN; BA: +5% at 182, after ripping +10% y'day; SMAR: -19% at 47.75; CLDR: -11% at 11.06; SCHW and AMTD both popping after DOJ clears antitrust investigation into their proposed merger;
TT Track of the Day: Don Edwards - Coyotes, rewatched the Grizzly Man documentary