We're now in the throes of earnings season, have had some great opportunities to put on some far OTM ratio spreads at small credits.. idea is for stock to trade at/near/in the spread and set it up so there's a wide cushion against getting roasted on a gap up or down.
Yesterday AMC: ANET, CAR, CC, CLX, CTRA, DVN, EXPE, MGM, MOS, NTR, NXPI, RIG, WMB
Today BMO: BIIB, BP, DD, DISH, ETN, ITW, KKR, MPC, PARA, PFE, SABR, SPGI, TEVA
Follow through names to watch:
Follow through watch:
Day before Y'day AMC:
Yesterday BMO: EPD, ON
Y'day Other News: Buffet takes a 9.5% stake in ATVI on a risk arb spec (I've been
eyeballing this one for a while, spread is juicy); Spirit declines
JetBlue's bid citing antitrust concerns, the May monthly puts in SAVE
rocketed in value on the news. Wish I had the time to research these
M&A names a bit more.
2 days ago AMC: AAPL, AMZN, FSLR, GILD, HIG, HOOD, INTC, KLAC, NOV, OLN, ROKU, SWN, TEAM, WDC, X
2 days ago BMO: ABBV, BMY, CBOE, CHTR, CL, CVX, HON, PSX, WY, XOM
2 days ago Other News: