Wednesday, July 1, 2020

Wed 01 July 2020 Morning Notes

I know I say this every month, but I can't believe it's already July and the start of Q3. Wild! I know I promised myself I wasn't going to trade yesterday because I was quite content with my pnl for the month of June... but, I couldn't pass up the vol opportunity in WKHS options. I was able to put on the July 17.5/30 1x2 call spread at a net .40 credit, then 2hrs later sell the same spread for a .35 credit, capturing a per-spread profit of .75. I'll be damned if I couldn't have sold it for .70 an hour later though. If I were French, I'd probably say something like "C'est la vie"... but I'm not, I'm American, so I'd rather quote Joe Walsh, "I can't complain but sometimes I still do".

Earnings: Yesterday AMC: FDX 

Other News:

Follow Through Names to Watch: CAG, MU, WKHS

YRCW: +125% at 4.15 on report of $700m loan from the gov't.
AKRO: +37% at 34.15 on drug data;
FDX: +11% at 156;

INO: -10% at 24.25, I've got the 17/13 ratio on for free and a 14/13 long put spread on for a +$10 credit;


Follow through watch:

Day before Y'day AMC: MU
Yesterday BMO: CAG, AYI

Y'day Other News:  AYI: +10% at 99.10; BE: +10% at 9.02; LDL: +8% at 13.90 on contract award; MU: +5.5% at 51.90; XLNX: +4.3% at 96 on guidance; UBER: +4% at 30.80 on report of possible bid for Postmates; LULU: +3.4% at 304.50 on acquisition of fit mirror thing; CAG +3% at 34.80; GNW: -21% at 2.02 on merger postponement; INO: -14% at 27.40 on drug data; JCOM: -8.7% on short report;

2 days ago AMC: 
2 days ago BMO: 

2 Day Old News: CHK finally files for bankruptcy; KNSA: +39% at 32 on drug data; COTY: +16% at 4.90, pulls a GPS and invests/teams up w/Kim Kardashian; BA: +8% at 182 as it begins 737 flight tests; BP: +3% on asset sales; ICPT: -30% at 53.80 on drug news; FB: -3% at 208 on ad boycott;  

TT Track of the Day: Finally returned to the gym squat rack last night!! First time in over 4 months, felt great. Rather than a track of the day, I'm going with a "squat of the day", and here's the man Mark Rippetoe instructing how it's done

No comments:

Post a Comment