Wed 19 Aug 2020 Morning Notes

Flipped a nice straddle in the ORCL wkly 55.5 options on yesterday's open for +63% in 3 minutes, my kind of trade. Also flipped a JD 73/80 1x2 ratio that I had put on for a penny credit, and peeled it off for a healthy .48 credit. Not bad! Missed my chance to flip a GOLD 33.5/36 1x2 ratio that I also put on for a penny credit due to focusing on JD and ORCL, missed out on a nice dinner there.

Quite a few things going on in biotech land, some real pops and drops this morning. 

Earnings: Yesterday AMC: CREE
Today BMO: ADI, LOW, TGT, TJX, VIPS

Other News:

Follow Through Names to Watch: OSTK, GOLD, JD, BIG

GAINERS:
MNTA: +68% at 52.15 on JNJ t/o bid, worth seeing how OTM calls trade on this one;
AXDX: +15% at 16.30 on drug news; 
TGT: +8% at 148;

LOSERS:
GLPG: -28% at 134 on drug news;
BMRN: -20% at 94.99 on drug news; 
VIPS: -12% at 20.87 on CEO stepping down;
CREE: -4.5% at 65.28;
GILD: -3.5% at 66.62 on drug news;

FLAT:

Follow through watch:

Day before Y'day AMC: FN
Yesterday BMO: AAP, HD, KSS, SE, WMT

Y'day Other News: SE: +10% at 148; AAP: +6% at 170; DBX: +5% at 21; GOLD: +3.7% at 31.24 on follow through; ORL: +3% at 55.55 on report of them possibly buying TikTok US; KSS: -10% at 21.13; WMT: 135;

2 days ago AMC: AMAT, BIDU, CODX, IQ, FTCH; BLNK, DDS, PRPL
2 days ago BMO: JD

2 Day Old News: GOLD: +7% at 29 on Berkshire stake; JD: +6% at 64.50 on earnings;

TT Track of the Day: Got b