Thursday, March 23, 2023

Thursday 23 March 2023 Morning Notes

I put on two trades yesterday, a GME 15-10-5 1x1x1 "skip-strike" put ratio, buying the 15s, selling the 10s and selling the 5s for about $1.60. Max gain is $3.40 and max loss is limited to debit paid. I like this trade as I can't see GME standing much of a chance in the "high" interest rate environment

I also tweeted about a "generational (put) buying opportunity" in COIN, stating that I thought a June put condor made the most sense.. mostly due to trying to off-set the implied vols... fast forward a couple hours later, and COIN gets crushed 20% on a SEC Wells Notice. I wish I put this trade on in more size, and wish it weren't a spread.. but I suppose at least I have something. on.

Yesterday AMC: CHWY
Today BMO: ACN

Other News:

Follow through names to watch: GME,


SQ: -17% at 60 on Hindenburg report;
COIN: -15% at 65 on SEC/Wells Notice;

Follow through watch:

Day before Y'day AMC: GME, NKE
Yesterday BMO:

Y'day Other News:

2 days ago AMC:
2 days ago BMO: CSIQ, TME

2 days ago Other News: AG drops on report of mine closure;

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