Fri 31 July 2020 Morning Notes

Didn't trade it, but the UPS weekly 140/145 call spread could have been put on for free yesterday morning then sold an hour later for $1.00. Should probably focus on trading ratios only, but that's super-labor intensive... which is probably why those opportunities are there. I did add a wkly 1x2 ratio in CTSH in the 65-62 puts for a small credit, BA 145/130 1x2 puts for even money, and an ADM 43 long straddle at it's 1sd move.. and I'll be damned if ADM didn't trade in the tightest range it's traded in years. Got a bunch of well-OTM ratios on in other names that were put on either for free or a small credit.

Earnings: Yesterday AMC: AAPL, AMZN, CC, COG, DVA, EA, EXAS, EXPE, GILD, GOOG, GOOGL, HIG, MGM, SHAK, TEAM, TNDM, VRTX, X, XLNX
Today BMO: ABBV, CAT, CBOE, CHTR, CL, CVX, GT, ITW, JCI, LYB, MRK, PINS, PSX, UA, UAA, VFC, WY, XOM

Other News:

Follow Through Names to Watch: CTSH, PYPL, QCOM, TDOC, ALXN, UPS

GAINERS:
PINS: +34% at 33.75, damn!
AAPL: +6% at 409, or $1.8t!
AMZN: +5% at 3215, really wish I threw $50k at Jan '21 2k calls back when it was at 1600 in March :(
CHTR: +4.7% at 590;


LOSERS:
TEAM: -5.7% at 177;
SHAK: -4.6% at 52.70;
CVX: -4% at 82.75;
GILD: -3.5% at 69.75;
XLNX: -3.5% at 108;

FLAT:

Follow through watch:

Day before Y'day AMC: ADM, APA, CTSH, CXO, FB, LRCX, NOW, PYPL, QCOM, TDOC, URI
Yesterday BMO: ALXN, AMT, APO, AZN, BAX, BUD, CI, CLF, CMCSA, COP, DD, GRUB, IP, KHC, LLY, MA, NEM, NOC, OSTK, PG, SO, SWK, TAP, UPS, VLO, YUM

Y'day Other News:

2 days ago AMC: AMC: AFL, AKAM, AMD, AMGN, EBAY, FEYE, JNPR, MDLZ, OKE, SBUX, STX, V
2 days ago BMO: ADP, ANTM, BA, BSX, CCJ, CME, DISH, EPD, ETN, GD, GE, GM, HES, NSC, RCL, SHOP, SPOT, 

2 Day Old News: STX: -8.5% at 44.70; ADP: -5% at 139; SPOT: -3% at 258.33; EBAY: -2.5% at 55; KODK: +81% at 14.50 on gov't loan, apparently it's a biotech now; BCO: +30% at 49.70 on earnings; LB: +24% at 23.55 on cost reductions; SMG: +12% at 163 on earnings; FEYE: +11.5% 75.45; SHOP: +7% at 1056; SBUX: +5% at 78.55; GM: +3.7% at 27.32; JNPR: +3% at 25;

TT Track of the Day: Puddle of Mudd - Blurry... I did a search to see if I already posted this, turns out I've only posted one of their songs, "Drift and Die" which I posted last September. I can't believe it's been that long, feels like I just posted that song maybe a couple months ago. Wild how time flies