Tuesday, November 14, 2023

Tuesday 14 Nov 2023 Morning Notes

Flipped a straddle in HSIC for +26% that then ran for better than +100%, so typical. Flipped a strangle in MNDY for a quick +20% as well.

I rarely trade into earnings, but took two earnings trades, which will be going up in smoke. I bought an HD 282.5/275/267.5 butterfly and a SE 50/55/65 butterfly. HD was shooting 14/21 on gapping lower following earnings and SE was shooting 14/21 on gapping higher following earnings. Both bflys had profit sweat spots of the midway point of the straddle. The SE IV was off the charts into these #s after it got smoked during the last go-around. Almost comically, HD is making its largest gap higher following its past 21 earnings releases. Classic. This is why I generally avoid trading the earnings gap. However, I like trading the butterflys because they offer a great risk/reward setup.

Yesterday AMC: FSR, RUM, SBLK, XP
Today BMO: CSIQ, HD, ONON, SE,

Other News:

Follow through names to watch: HSIC, MNDY

GAINERS:


LOSERS:

Follow through watch:

Day before Y'day AMC: STNE
Yesterday BMO: HSIC, MNDY, TSN

Y'day Other News:

2 days ago AMC: AAOI, ACHR, ILMN, PBR, PLUG, TTD, U, WPM, WYNN
2 days ago BMO:

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