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:

Friday 15 Nov 2024 Morning Notes

I can't believe today is November opex!! Only one more monthly opex left for 2024, unbelievable! I closed out all of my DJT trades yesterday. I'm sure I'm going to regret selling my 22.5/12.5/2.5 butterflys for 2.62 avg from 1.95 avg.. but that's how it goes. On to the next one! I took an earnings gap trade in ASTS, buying the 25/22.5/20/17.5 put condor for .85. However, I also bot the wkly 30/35/40 call butterfly for .60 for a total cost of $1.45, changing my breakeven accordingly.

With Nov opex here, I'm set to have two covered call positions called away. One in VZIO and the other in SMAR. My SMAR return will be good for +2.15% in two months, or 15% annualized. Not bad.

Yesterday AMC: AMAT, ASTS, INO, POET; ASND
Today BMO: BABA

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

Follow through names to watch: AAP, DIS, KBR, HALO, HIMS

GAINERS:

LOSERS:

Follow through watch:

Day before Y'day AMC: CSCO, NU
Day before Y'day BMO: AAP, BILI, DIS, JD, LUNR, NTES,

Y'day Other News:

2 days ago AMC: CART, CAVA, GRPN, MARA, OXY, RKLB, RKT, RUM, SOUN, SPOT, STNE, SU, SWKS,
2 days ago BMO: HUT

2 days ago Other News: RKLB: +24% at 18.40; CAVA: +14% at 169; SPOT: +9% at 447; GRPN: -25% at 8.80; RKT: -13% at 13.74; CART: -6% at 45;

Thursday 14 Nov 2024 Morning Notes

No trades yesterday due to chaperoning a field trip then buying a fantastic enclosed trailer to haul my dirt bikes around in. I closed out an ALT 8/10/13 call butterfly for $1.00 that I put on for .65 yesterday.

Yesterday AMC: CSCO, NU
Today BMO: AAP, BILI, DIS, JD, LUNR, NTES,

Other News:

Follow through names to watch: RKLB, SPOT, GRPN, MARA, CART, HUM, ZETA

GAINERS:

LOSERS:


Follow through watch:

Day before Y'day AMC: CART, CAVA, GRPN, MARA, OXY, RKLB, RKT, RUM, SOUN, SPOT, STNE, SU, SWKS,
Day before Y'day BMO: HUT

Y'day Other News: RKLB: +24% at 18.40; CAVA: +14% at 169; SPOT: +9% at 447; GRPN: -25% at 8.80; RKT: -13% at 13.74; CART: -6% at 45;

2 days ago AMC:
2 days ago BMO: ALT, AZN, HD, NVAX, ONON, SE, SHOP

2 days ago Other News:

Wednesday 13 Nov 2024 Morning Notes

Flipped a straddle in THS yesterday from 1.35 to 2.10. The bigger story was the vol rip, sending the straddle bid to 1.90 with little movement in the underlying. Love that! I'm chaperoning a field trip today and will be away from the market for the day.

Yesterday AMC: CART, CAVA, GRPN, MARA, OXY, RKLB, RKT, RUM, SOUN, SPOT, STNE, SU, SWKS,
Today BMO: HUT

Other News:

Follow through names to watch: FOUR, THS,

GAINERS:
RKLB: +24% at 18.40;
CAVA: +14% at 169;
SPOT: +9% at 447;

LOSERS:
GRPN: -25% at 8.80;
RKT: -13% at 13.74;
CART: -6% at 45;

Follow through watch:

Day before Y'day AMC:
Day before Y'day BMO: ALT, AZN, HD, NVAX, ONON, SE, SHOP

Y'day Other News:

2 days ago AMC:
2 days ago BMO: MNDY

2 days ago Other News:

Tuesday 12 Nov 2023 Morning Notes

Flipped a $177.5 wkly straddle in ABBV yesterday from $5.00 to $6.00, also closed out a portion of my Jan '25 TLT spread for essentially even $. I had some 105/120/135 butterflys on for cheap, financed by short $88 Jan '25 puts. With TLT at 102 or so, I bot some $95 strike puts to have a 1x3 put ratio on should TLT reverse, which it did. So I used my 1x3 put ratio proceeds to cover my long butterfly losses. The 1x3 will probably finish for max profit too 😒

Yesterday AMC:
Today BMO: ALT, AZN, HD, NVAX, ONON, SE, SHOP

Other News:

Follow through names to watch:


GAINERS:


LOSERS:


Follow through watch:

Day before Y'day AMC:
Day before Y'day BMO: MNDY

Y'day Other News:

2 days ago AMC: ABNB, AFRM, AKAM, ANET, BILL, CPRI, DBX, DKNG, EOG, EXPE, FTNT, IOVA, MNKD, MNST, NET, PINS, RDFN, RIVN, RNG, RUN, SERV, SMR, SQ, TOST, TTD, U,UPST, WPM, YPF
2 days ago BMO: BAX, IEP, PARA, SONY

2 days ago Other News: