Thursday, October 12, 2023

Thursday 12 Oct 2023 Morning Notes

Traded the 280 straddle in ISRG which I knew would be tricky because I was buying elevated IV and would need a move to happen faster than IV would drop. Got a decent move, but IV was dropping so I scratched out of it then the stock reversed and straddle got hammered. Happy to have bailed when I did.

Yesterday AMC:
Today BMO: DAL, DPZ, WBA

Other News:

Follow through names to watch: ISRG, DVA, BCO,

GAINERS:


LOSERS:


Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News: Healthcare names seeing some good moves on NVO drug news. XOM makes bid for PXD official, XOM trades down 3% on the news with PXD up 1.5%; NVO: +3.5% at 96.22 on drug news; PXD: +1.5% at 241.29 on deal w/XOM; SILK: -49% on CEO news/guidance; DVA: -18% at 74.48 on NVO drug news; FMS: -16% at 17.53 on NVO drug news; BAX: -10% at 33.60 on NVO drug news; XOM: -3% at 107 on deal w/PXD;

2 days ago AMC:
2 days ago BMO: PEP

2 days ago Other News: COHR: +13% at 35 on biz deal/partnership; H: +7% at 112 on index inclusion; U: +5.5% at 31.40 on mgmt change; AKRO: -66% at 16.50 on drug data; ETNB: -36% at 10 on AKRO sympathy; PD: -5.5% at 20.60 on convertible note offering;

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