Wednesday, March 11, 2020

Wed 11 Mar 2020 Morning Notes

I can't believe Trump is talking about bailing out the cruiselines and shale related names. Absolutely ridiculous if this actually happens. I'm on the side that no bailout comes to cruiselines and puts are the way to play it. I have a feeling options activity will be calling the direction of the cruiseliners, much in the way options called the way PCG traded.

Market taking a bit of a dive this morning, down 3% here. Looks like volatility isn't going anywhere anytime soon. 

Earnings: Yesterday AMC: CLDR, PETQ, KFY, CCXI, CNST
Today BMO: PDD

Other News: PEP to acquire Rockstar Energy for $3.8b;

Follow Through Names to Watch:

GAINERS:

LOSERS:

FLAT:

Follow through watch:

Day before Y'day AMC:  SFIX; CASY
Yesterday BMO: MTN

Y'day Other News: CY: +46% at 22.30 after M&A deal gets approved;

2 days ago AMC
2 days ago BMO:

2 Day Old News: TLT: +7%; OXY: -42% at 15.70; APA: -35% at 35; CXO: -33% at 39; PXD: -30% at 73; EOG: -30% at 39; SLB: -30% at 17; CVX: -15% at 81; and the list goes on, and on, and on

TT Track of the Day: KoRn - Here to stay, sending this one out to volatility

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