Tuesday, October 4, 2022

Tuesday 04 Oct 2022 Morning Notes

Ended up putting on some covered call trades in LOGC, selling the Oct 2.5 calls for 5 cents and selling the May '23 calls for .15 cents. The cash deal is expected to close in 6-8wks, so this will juice the annualized return. Gonna be a rough one if the deal falls apart. Also traded the CS March '23 3/2/1 1x1x1 put spread, buying the 3s, selling 1x each of the 2s and 1s for an avg debit of 18.45 cents. I really like the risk/reward profile of that trade.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: VSAT, CS, APRN



Follow through watch:

Day before Y'day AMC: MU, NKE
Yesterday BMO: CCL

Y'day Other News: LOGC: +644% at 2.025 on deal to be acquired by AZN for $2.07 in cash tender; MYOV: +36% at 24.55 after turning down an unsolicited offer to take co. private; VSAT: +35% at 41 on $2.3b deal to acquire portion of VSAT biz; APRN: -38% at 3.60 on guidance;

2 days ago AMC: MU, NKE
2 days ago BMO: CCL

2 days ago Other News: FL on watch for NKE sympathy; NKE: -13% at 83.40; CCL: -8% at 8.40; DKS: -6% at 106; SKX: -5% at 32.32; FL: -5% at 32.37;

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