March 4 Wednesday Morning Notes

Gainers:
AMBA: +7.5%, 62k
GPRO: +1.8%, 13k

Decliners:
ANF: -8.7%, 1.3m
AA: -2.5%, 170k
LNG: -2.6%, 513k
BABA: -1.5%, 112k

AMBA is out with earnings this AM which is sending the stock to fresh all time highs.
MKT cap: $1.91b
Effective mkt cap: $1.83b
Short interest: 34.5%,  near 52wk highs
52wk hi/lo: 63.20/21.60
Pre-mkt bid/ask spread: .11
Pre-mkt volume/ratio: 123k/.0605
Pre-mkt price action: Was basically flat AMC and coiling into conference call, then ripped after call from 63 to 67. Opened around 67 this AM and has traded higher to 68.45.
Technicals of note:
Avg/max/min/last Gap moves: 4.7%avg/13.45%/-7.43%/-1.69%last
Post earnings moves:

AMBA

6.03

9.52

3.33

3% OTM Strangle Expected Price: With stock at 68.50, 67/70 strangle at 60% IV would cost 1.22. 50% IV drops cost down to .90

ANF is out with earnings and that is sending the stock to new 52wk lows, stock hasn't traded this low since 2009.
MKT cap: $1.66b
Effective mkt cap: $1.636b
Short interest: 28.78%,  near 52wk highs
52wk hi/lo: 45.50/23.12
Pre-mkt bid/ask spread: .04
Pre-mkt volume/ratio: 1.1m/.458
Pre-mkt price action: Has been trending lower since earnings came out. Started around 24, found support at 22.5, cracked through that, hit support at 22, cracked through that and now it's at 21.75.
Technicals of note:
Avg/max/min/last Gap moves: 10.06%avg/34.45%/-17.67%/3.5%
Post earnings moves:

ANF

5.51

8.10

2.42

3% OTM Strangle Expected Price: With stock at 22, 3% would be a .66 move. A 21.5/22.5 strangle would cost .40 at 60% IV; or .30 at 50% IV