Traded the 2.5/4 1x2 call ratio in HYMC yesterday on that ridiculous pop on investment by AMC, established the position for .15 credit then flipped it for another .05 credit, for a total credit of .20 cents. However, I then pretty much topticked VXX by purchasing this wk's 60/70 call spread for .75. I thought risk of an infinity squeeze was high due to the fact that pretty much the entire float is short and there's no longer any share issuance. "No ragrets" on my end though, it was a cheap bet on a TVIX-like infinity squeeze.
Yesterday AMC: YY
Today BMO: TTCF
Other News: China names all ripping 20-30% this morning on Chinese state media stating that it will support their domestic market and comply with US regulators. Wouldn't be surprised to see these names down 20-30% a couple weeks from now;
Follow through names to watch: AMC, HYMC, BIG
GAINERS:
SBUX: +5.4% AT 87.60 ON CEO CHANGE;
LOSERS:
Follow through watch:
Day before Y'day AMC:
Yesterday BMO:
Y'day Other News:
2 days ago AMC: BLNK, DOCU, ORCL, RIVN, ULTA, WPM
2 days ago BMO: FUTU, WE
2 days ago Other News:
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