Monday, August 22, 2022

Monday 22 Aug 2022 Morning Notes

Flipped a straddle in CSIQ on Friday for quick cash, then lost a bunch of cash in a WOLF post earnings straddle as it traded in a remarkable tight range following its 30+% gap up and 10% O-H move the day prior. Earnings season is slowing down in a big way with only 25 names or so with weeklys reporting.

Yesterday AMC:
Today BMO:

Other News:

Follow through names to watch: FL, BILL, W, OXY

GAINERS:
SGFY: +41% at 29.85 on WSJ report of t/o interest in co;

LOSERS:
AMC: -38% at 11.21 on another movie chain announcing bankruptcy;
BBBY: -15% on BBG reporting vendors not getting paid;

Follow through watch:

Day before Y'day AMC: AMAT, BILL, ROST, STNE
Yesterday BMO: DE, FL


Y'day Other News: FL: +21% at 38.66; BILL: +17% at 175; GM: +2.4% at 39.65 on buyback and dividend;BBBY: -42% at 10.71, but only a 2.5sd decline hah; STNE: -11% at 10.38; GME: -9% at 34.50; W: -7% at 66.34 on layoffs;

2 days ago AMC: BBWI, CSCO
2 days ago BMO: CSIQ, NTES, TPR, KSS

2 days ago Other News: BBIG: +32% at 1.83; WOLF: +30% at 110; SAVA: +18% at 30.51 after y'days rip; BBBY: -17% at 19.10;

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