Monday 25 March 2024 Morning Notes

My only trade Friday was fading the move in FL on an upgrade that had sent the stock up 7% on thin volume. I bot a bunch of the Friday 24.5 puts for around .11 to .12 cents and flipped them for about 42 cents. Figured that would be the case since FL often trades in sympathy to NKE. That was my biggest $ gain trade in a while. I also bought a bunch of 7 and 7.5 puts in CGC in the last half hour of trade, looking for an end of day rugpull that sent the stock under 7... which only came 30mins after the close. That would have been a nice little rainmaker too. Only lost a couple hundred bucks on that one so whatever. 

Options on RDDT appear to be opening today. It opened at 55, hit a high of 57.80 and hit a low of 44.24 in the pre-mkt this morning. This follows options opening in ALAB

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: FDX, NKE, CGC

Morning watchlist:

GAINERS:
LCID: +15% at 3.20 on investment;
BA: +4% at 196 on CEO departure;
FL: +3.5% at 25.20 on another upgrade;

LOSERS:
INTC: -3.8% at 41 on China chip news;
AMD: -3.5% at 173 on China chip news;
ON: -3% at 72 on China chip news;

Follow through watch:

Day before Y'day AMC: FDX, LULU, NKE
Yesterday BMO:

Y'day Other News: FDX: +9.5% at 290; FL: +4.5% at 24.75 on Citigroup upgrade; UPS: +1.2% at 157.21 on FDX sympathy; LULU: -13.6% at 414; NKE: -6.5% at 94.32;

2 days ago AMC: CHWY, MU
2 days ago BMO: ACN, ASO, LUNR,

2 days ago Other News: MU: +16.5% at 112.18; ASO: -11% at 63.22; CHWY: -6% at 16.64; ACN: -6% at 358;