Tuesday, May 3, 2022

Tuesday 03 May 2022 Morning Notes

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

Other News:

Follow through names to watch:

GAINERS:

LOSERS:

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:

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