Wednesday, August 24, 2022

Wed 24 Aug 2022 Morning Notes

My only trade of note yesterday was selling some of the wkly 70 puts in ZM on the open then buying them to close shortly after for some quick bucks. Sold Sep 17.5 calls for .20 against my ONEM position, would be content with position being called away in September.

Yesterday AMC: INTU, JWN, TOL, URBN
Today BMO: WOOF

Other News:

Follow through names to watch:

GAINERS:
BBBY: +27% at 11.15 on loan deal, probably a great time to buy longer dated put spreads;
PTON: +10% at 12.32 on products in AMZN stores;
INTU: +5.3% at 473.50;

LOSERS:
JWN: -15% at 19.60;
WOOF: -6% at 14.68;

Follow through watch:

Day before Y'day AMC: PANW, ZM
Yesterday BMO: DKS, JD, M, MDT, XPEV


Y'day Other News:

2 days ago AMC:
2 days ago BMO:

2 days ago 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;

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