Wed 4 Sep 2019 Morning Notes

Got punked on a CONN straddle yesterday when the stock failed to move at least 10% for the first time in at least the past 6 earnings reports. Ridiculous!

Earnings: Yesterday AMC: COUP, HQY
Today BMO: AEO, NAV; MIK,

Other News: FTV to separate into 2 different companies;

Follow Through Names to Watch: CONN,

GAINERS:

MIK: +18% at 6.64 on earnings, saw huge call buys in Sep and Oct OTM 7.5 calls; 
TPR: +2% at 21 on management change;  

LOSERS:

SBUX: -2% at 94 on guidance;

 

FLAT: 

 

Follow through watch:
 

Day before Y'day AMC: 
Yesterday BMO: CONN

Y'day Other News: ULTA got trounced on Friday and I wouldn't be surprised to see more action in the name today/this week; MDCO: +15% at 46 on positive drug data; CONN: +15% at 23.15 on earnings;

 

2 days ago AMC: AMBA, AOBC, MRVL, ULTA, WDAY; COO, YEXT, DELL

2 days ago BMO: CPB;

2 Day Old News: OLLI smoked on earnings, saw huge OTM put buys in Sept 80 and 70 Puts with a net debit of around $1.9m, positions are now worth somewhere around $10m;

TT Track of the Day: Korn - Blind