Thursday, January 28, 2021

Thurs 28 Jan 2021 Morning Notes

Everything old is new again, NOK, ERIC and a few other dead in the water names have been resurrected by people who have a very vague idea of what they're doing. I dodged a financial bullet by flipping my AMC trades on Tuesday, positions would have been crushed on that monster gap up Wednesday. My best trade to capitalize on this nonsense is to sell longer dated OTM puts at ridiculous IV levels. I sold several of the NOK Jan '22 $3 and $2 puts for more than they were selling for when the stock was trading >33% lower. I would have sold in larger size but the bid wasn't there. 

Yesterday AMC: AAPL, CREE, EW, FB, LRCX, LVS, NOW, TSLA, URI, WHR, XLNX
Today BMO: AAL, ADS, CMCSA, DOW, FLEX, LUV, MA, MCD, MO, NOC, NUE, PHM, SWK, TSCO, VLO

Other News:

Follow through names to watch: GME, AMC, NOK, SBUX, VFC, ANTM, WBA

GAINERS:

LOSERS:
CREE: -10% AT 96;
XLNX: -7.5% AT 133.56;
TSLA: -7% AT 820;
LRCX: -7% AT 514;
LVS: -6% AT 49;

FLAT:

Follow through watch:

Day before Y'day AMC: AMD, COF, FFIV, MSFT, SBUX, TXN
Yesterday BMO: ABT, ADP, ANTM, BA, BX, GLW, HES, NSC, T, VFCY'day Other News: AMC: +335% at 21.45; GME: +68% at 250; KODK: +35% at 12.80; GSX: +26% at 132;

2 days ago AMC:
2 days ago BMO: ADM, AXP, DHI, FCX, GE, JNJ, LMT, MMM, RTX, VZ

Y'day Other News: BYND: +40% at 222 on PEP partnership; GME: +15% at 89; AMC: +13% at 5; GE: +10% at 12.06; WKHS: +9% at 27; ETSY: +8% at 226;

No comments:

Post a Comment