Tossed on a couple of ratio put spreads yesterday. Put on the AAXN Sep 80/65 1x2 put spread for $1.40. I understand the rally on the protests, but I don't think municipalities will have the $ for AAXN's services, looking for this move to be faded. Tossed on a 50% OTM Jan '21 TAL 30/15 put spread for 0.55. The name is no stranger to controversy and could be the next China donut. Also permits for a retest of 52wk lows, for cheap bucks. Mile-wide breakeven below $30. Sold some of the WRTC Jul 2.5 puts at 225% IV. Somebody was bidding them so I sold them, small lot though. The stock could drop to $5 and if IV drops to 100% the puts are essentially a zero.
Earnings: Yesterday AMC:
Today BMO: DKS; BZUN
Other News:
Follow Through Names to Watch:
GAINERS:
MGI: +46% at 3.77 on WU interest;
WU: +13% at 23.40 on MGI interest;
RH: +9% at 232.50;
LOSERS:
FLAT:
Follow through watch:
Day before Y'day AMC:
Yesterday BMO:
Y'day
Other News: WRTC: +10% at 7.10 on protests;
AAXN: +8% at 83 on protests;
2 days ago AMC: COST, CRM, JWN, MRVL, OKTA, ULTA, VMW, ZS; DELL, DXC, OLLI, PAGS, PSTG, WSM,
2 days ago BMO: CGC;
2 Day Old News: IOVA: -14% AT 33.35 on drug data;
TT Track of the Day: Could use some funky beats today, Air - La Femme d'Argent
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