The hits keep coming. Put on trades looking to fade the moves in GME and AMC and it looks like those will be getting smoked. With GME around 30 yesterday, I picked up the weekly 20/17.5/15 put butterfly for .30, but with the stock at 70 in the pre-mkt things aren't looking pretty hah. I also bought the AMC 2.5/3.5/5 butterfly for .32'ish, but that appears like it will be going for max loss. I'm just grateful for not placing the ever tempting ratio spread on either name, as I'd really be in trouble. These will be great moves to fade. Today I will be looking to see if there's a "vol golden goose" opportunity in the names.
Yesterday AMC: STNE,
Today BMO: BABA, HD, LUNR, ONON, SE
Other News:
Follow through names to watch: NVAX, U
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC:
Yesterday BMO:
Y'day Other News: Turd complex names GME and AMC are spiking on a tweet from RoaringKitty, lol. Too bad BBBY isn't around for the fun.
2 days ago AMC: GRPN, IOVA, MARA, U, DBX, WPM, AKAM
2 days ago BMO: SPHR
2 days ago Other News:
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