Monday, December 11, 2023

Monday 11 Dec 2023 Morning Notes

Landed my biggest % gain of the year Friday on a vanilla options trade betting against RBLX on the Nicki Minaj rumor, or whatever it was. Bought the 41 puts for 10 cents, then sold the 40 puts against it for 10 cents when the stock dropped to put position on for free, then flipped the package for 60 cents. I also sold some short calls on MBI at the 15 strike for .18 avg that I bot back shortly thereafter for 0.05. That was a relatively small trade though.

This week everything is a weekly with December opex upon us.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: RH, DOCU, LULU

GAINERS:
M: +16% at 20.16 on potential M&A bid;
CI: +14% at 295 on scrapping HUM merger and instituting buyback (of course);
HOLI: +9.7% at 24.90 on M&A, $26.50 cash deal;

LOSERS:
COGT: -49% at 4.35 on biotech stuff;
SE: -10% at 36 on TikTok something or other;

Follow through watch:

Day before Y'day AMC: AVGO, DOCU, LULU, RH
Yesterday BMO:

Y'day Other News:

2 days ago AMC: AI, CHPT, CHWY, GME
2 days ago BMO: DG

2 days ago Other News:

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