Tuesday, June 11, 2024

Tuesday 11 June 2024 Morning Notes

GME cracked below 25 yesterday, HelloKitty is now underwater in his 120k June $20 calls. I picked up the weekly 20/18/16 1x1x1 skip strike ratio put spread for about 16 cents. Lots of shares being sold in the secondary and will be tough for the GME diamond hands to bear the new issuance.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: KKR, CRWD, GME

AFRM: +10% at 33.50;

ZIM: -10% at 18.34;

Follow through watch:

Day before Y'day AMC:
Yesterday BMO:

Y'day Other News: KKR: +7.6% at 105, to join SP500; CRWD: +5.2% at 367.50, to join SP500; LUV: +7% at 29.80 after Elliot mgmt takes $2b stake; NVDA begins trading at $120 today after a 10 for 1 stock split;

2 days ago AMC:
2 days ago BMO: GME

2 days ago Other News: GME posts earnings and announces equity raise as stock starts meming again.

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