Tuesday 12 May 2020 Morning Notes

I don't know what the deal is with Blogger formatting, but it's amazing how screwed up it gets, and I really don't alter the formatting much. Such a pain in the ass.

Sold some of the 8.5 and 9 calls on AMC, playing with fire there, but IV was at a healthy 75% premium to backdated and both strikes are higher than AMC had traded well before its Covid problems arose. Also, AMC bonds went absolutely nowhere yesterday.

Earnings: Yesterday AMC: CDLX, DDOG, GDOT, GWPH, IIVI, INO, NVAX, SGMS, SPG

Today BMO: BHF, LOGI

Other News: BLK announced plans to purchase up to $1b in stock;

Follow Through Names to Watch:

GAINERS:
NVAX: +65% at 40.40 on earnings and capital grant; stock did a 1 for 20 reverse stock split.
IIVI: +29% at 46.85;
CDLX: +15% at 55;
DDOG: +10% at 60;
GDOT: +14% at 35;

LOSERS:

FLAT:

Follow through watch:

Day before Y'day AMC:

Yesterday BMO: CAH, CLF, CLR, COTY, ICPT, MAR, MYL, NBEV, UA, UAA;

Y'day Other News: AMC: +80% at 6.50, on report of AMZN interest;

2 days ago AMC: AAOI, BKNG, BUD, CTSH, DBX, ED, EOG, FLEX, FSLR, MCHP, NKTR, PBYI, ROKU, STMP, SYNA,TTD, TRIP, UBER; CWH, IPHI, QRVO;

2 days ago BMO: CRON, SEAS;

2 Day Old News:

TT Track of the Day: Days of the New - The Down Town, haven't heard this song in years but it popped into my head this morning