Monday 18 Nov 2024 Morning Notes

Flipped a Friday post-earnings straddle in AAP from 1.20 to 1.90 in 9 minutes for some good cash, then watched it run for a high of $3.50, go figure. Put on a smaller LMT 535 straddle that I was late to the party on for $4.80, ate a loss selling near EOD for $1.80, which ate a portion of my AAP profits. I also put on a small CMP diagonal calendar spread that I love, but it was too illiquid to put on in size. I sold the Dec 17.5 calls for .70 and bot the Jan 15 calls for 1.50, giving me a .80 cost basis on the Jan 15 calls. Fantastic set up, unfortunately far too small size with only 7 lots filled.

Also, I was wrong about my SMAR position being called away. Turns out, I have a Jan '25 covered call position on. I realized I was expecting the deal to close in November. If I end up having to hold it through Jan opex where it gets called away, my annualized return will still be 7%. Good, but not as good as it would have been if it were the Nov options I thought I had, hah. I also finally got around to setting up an annualized return calculator in my Google Sheet trade tracker. It took me all of 5 minutes to do, and I have no clue why I haven't done that sooner.

Yesterday AMC:
Today BMO:

Other News: SMCI remains on watch due to potential for delisting;

Follow through names to watch: OKLO, ASTS, AMAT, BE

GAINERS:

LOSERS:

Follow through watch:

Day before Y'day AMC: AMAT, ASTS, INO, POET; ASND
Day before Y'day BMO: BABA


Y'day Other News: Both DPZ +6% at 469; POOL +6% at 377; popped on newly announced Berkshire stakes;

2 days ago AMC: CSCO, NU
2 days ago BMO: AAP, BILI, DIS, JD, LUNR, NTES,

2 days ago Other News: