Friday 16 Oct 2020 Morning Notes

It's monthly opex, amazing to think that this time next month and the contentious 2020 election will have been resolved (maybe?!). 

Completely forgot I had a FSLY 80/70 1x2 put spread on. Checked my positions and was like "holy shit! I forgot I had that on!" Put it on for free, sold it for .85 cents. Not bad. I've got a ton of WBA 40/47.5 1x2 call spreads on, so beers will be on me this weekend if WBA finishes north of 40/share (and under 55, of course)

Earnings: Yesterday AMC: ISRG
Today BMO: BK, KSU, SLB, VFC; JBHT

Other News: Navistar is expected to announce by noon today whether they accept a buyout offer or not;

Follow Through Names to Watch: FSLY, VRTX, SNBR, SCHW, NAV

GAINERS:

 

LOSERS:

FLAT:

Follow through watch:

Day before Y'day AMC: AA, UAL, SNBR
Yesterday BMO: MS, SCHW, TSM, WBA

Y'day Other News: FSLY face plant on guidance, drags down DDOG, TWLO and NET in sympathy; NAV face plant on deal issues; SNBR: +10% AT 63.80;

FSLY: -29% at 91.40 on guidance;

VRTX: -13% at 240 on drug study;

2 days ago AMC:
2 days ago BMO: BAC, GS, PNC, UNH, USB, WFC

2 Day Old News: CXO: +12% at 49.50 on reported deal interest; BBBY: +6% at 23.30 on biz op plans;