Thursday, June 6, 2024

Thursday 06 June 2024 Morning Notes

No real trades of note other than an earnings gap trade in LULU due to how jacked IV was and how destroyed the stock got in the last two reports. I looked at credit put spreads but everything looked like trash. Settled on a 330/350/370 call butterfly using June monthlys. Those strikes put the butterfly in the implied move and in the range of the avg max move the stock has historically made. I paid $2.15 for the spread

Yesterday AMC: LULU
Today BMO: NIO, PLCE

Other News:

Follow through names to watch: CRWD, HPE, DLTR

GAINERS:


LOSERS:


Follow through watch:

Day before Y'day AMC: CRWD, HPE, SFIX
Yesterday BMO: CPB, DLTR

Y'day Other News:

2 days ago AMC: GTLB
2 days ago BMO: BBWI

2 days ago Other News: AX: -16% at 44.25 on Hindenburg short report; BBWI: -8% at 47.73; GME: -6% at 26.30 after rallying nearly 80% in pre-mkt yesterday; AMC: -3% at 4.66 on meme stock weakness; ANNX: +34% at 6.15 on drug news; CORZ: +30% at 6.30 on drug news;

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