Tuesday, March 14, 2023

Tuesday 14 March 2023 Morning Notes

Flipped a bunch of short vol trades yesterday, notably in PACW far otm March puts, and in RUN Mar 12.5 puts. Also sold some far OTM calls in FRC only to buy them back vs. risking a VW-like infinity squeeze.

Yesterday AMC:
Today BMO: ZIM

Other News:

Follow through names to watch: SCHW, FRC, PACW, WAL,

GAINERS:


LOSERS:
GTLB: -37% at 30 on ER, had suspicious otm put buys in size before the bell; 

Follow through watch:

Day before Y'day AMC:
Yesterday BMO: ZIM

Y'day Other News: PRVB: +260% AT 24.17 on deal with Sanofi for $25/share cash; SGEN: +15% at 199.60 on $229 cash deal with PFE; XM: +6% at 17.60, to be acquired for 18.15/share by PE; WAL: -73% at 13.87 on bank run; FRC: -67% at 27 on bank run; PACW: -44% at 6.88 on bank run; SCHW: -11% at 52 on bank run; KRE: -10% at 45.50 on bank run;

2 days ago AMC: DOCU, GPS, ORCL, ULTA, WPM
2 days ago BMO: JKS

2 days ago Other News:

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