Tuesday, July 21, 2020

Tues 21 Jul 2020 Morning Notes

I'm fairly certain I've said this before, but I've gone from "straddle man" to "ratio man". Been trading a ton of ratios lately, have just seen a lot of relatively low risk (low risk, yet short options?) opportunities where it's possible to put on ratios for either even money, chump change, or a healthy credit, then flip it shortly thereafter for a nice credit. Yesterday, I flipped the TSLA wkly 3k/3.5k 1x2 ratio, and loaded up on the 450/100 wkly 1x4 put spreads (even money, but can't pass up the risk/reward even though the odds are probably near 0 for a payout.

Earnings: Yesterday AMC: IBM

Other News:

Follow Through Names to Watch: NKLA, MRNA

NBEV: +50% at 2.60 on merger; (permanent great short)
OMI: +26% at 10.03 on guidance;
HIBB: +20% at 28 on guidance;
FL: +6% at 29.32 on HIBB sympathy;
IBM: +4.5% at 132.06;
DKS: +4% at 42.25 on HIBB sympathy; 
KO: +3% at 47.53;
LMT: +3% at 377.50;

ACAD: -12% on drug data;

SYF: at 22.40;

Follow through watch:

Day before Y'day AMC:
Yesterday BMO: HAL

Y'day Other News:

2 days ago AMC: NFLX, PPG, JBHT,
2 days ago BMO: ALLY, ALV, BLK, KSU, RF, STT

2 Day Old News:  

TT Track of the Day: Harry Nilsson - Coconut

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