Alright, so I've tapped out of my short RILY puts for my largest $ loss of the year, and like a true piker, I've now put on a bunch of put spreads benefiting from a further decline in RILY. The volume of puts being traded and the fact that not only hasn't IV dropped, but increased, lead me to believe that even more pain may lie ahead. This has a Bear Stearns look and feel to it.
Yesterday AMC: ASTS, CSCO, STNE,
Today BMO: BABA, DE, JD, TPR, WMT
Other News:
Follow through names to watch:
GAINERS:
ULTA: +11% at 365 on Berkshire stake;
WMT: +6% at 72.81;
CSCO: +6% at 48.15;
LOSERS:
TITN: -27% at 11.18 on weak guidance;
SPIR: -21% at 7.98;
Follow through watch:
Day before Y'day AMC: NU, SERV, XP
Yesterday BMO: CAH, SPHR
Y'day Other News: HA: +9% at 15.35, to extend ALK merger review period to Aug 16th;
2 days ago AMC:
2 days ago BMO: HD, ONON, SE
2 days ago Other News:
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