Tuesday, July 14, 2020

Tues 14 Jul 2020 Morning Notes

Was stunned yesterday morning when it was possible to put on the TSLA weekly 2250/2500 1x2 short call ratio at a 3.65 credit, the trade breaks even/keeps entire credit so long as TSLA doesn't rally more than 57% this week. The per leg margin requirement was kind of ridiculous at $18k, but has since dropped to a measly $16.5k, lol. Which is probably exactly why nobody cared about that trade when I tweeted it out, hah. However, about 3hrs after opening the trade it was possible to "buy it" to close for an additional credit of $1.10, for a total credit of $4.75. Not too bad!

Earnings: Yesterday AMC:  
Today BMO: C, DAL, FAST, JPM, WFC;  

Other News:

Follow Through Names to Watch: BBBY, WBA

TSLA: +3% at 1545 on China plant talk;

WFC: -5.8% at 23.88;
SPOT: -4.9% at 248 on general weakness;
DAL: -4% at 25.70;


Follow through watch:

Day before Y'day AMC: 
Yesterday BMO: PEP

Y'day Other News: ADI to acquire MXIM in all-stock deal; TSLA: +14% at 1750 on being TSLA; ALT: +9% at 24.50 on drug data; SSSS: +24% at 12.14 on positive comments re: upcoming IPO; NXTC: -50% at 8.43 on drug data; ADI: -5.7% on MXIM acquisition/general tech wreck;

2 days ago AMC:
2 days ago BMO: GBX

2 Day Old News: 

TT Track of the Day: Dean Martin - the man who plays the mandalino

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