Well the Fed just threw a cup of cold water in the face of the market. Everyone and his cousin was balls long thinking the market would only rip higher. I believe I mentioned last week that I had peeled off my equity exposure in my retirement accounts last week for that exact reason and bot MTBA. The move appears prescient now, but we'll see if it was indeed prescient a year from now. Feel free to substitute the word "lucky" for "prescient".
Sold a bunch of short $33 calls on NTGR yesterday on that rip higher following the TP-Link facing a potential ban news, then turned my short calls into a 1x3 ratio spread by purchasing the 29 calls. Looks like I might be able to flip that 1x3 package for another credit with the stock back at 29 in the pre-mkt after closing at 26.90 yesterday. I also sold a bunch of the Dec 25 puts for .15 when the stock was trading for $29.80, typically not a fan of selling for such a small credit but the juice was too good to pass up. If with the stock closing at 26.90, those puts have no bid and the ask is .20.
Yesterday AMC: LEN, MU
Today BMO: ACN, CAG
Other News:
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GAINERS:
LOSERS:
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Day before Y'day AMC:
Day before Y'day BMO:
Y'day Other News:
2 days ago AMC:
2 days ago BMO:
2 days ago other news: SMCI: -13% at 31.56;
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