Closed my ill-fated FMC for -34%, who would have guessed? However, I flipped a larger-sized straddle in HON for +19% offsetting the majority of the FMC losses. Then 5 minutes after I closed the trade it ran for an additional +40%, so damn typical. I liked the straddle so much in HON that I went back to the well and bot the 207.50 straddle for 3.30, with a b/e of +/- 1.56%. The stock had dropped 3.3% from 1015 to 1100 am alone, so I liked my odds on the 2nd one as well. I was able to flip that less than 75mins later for +20%. I also tacked on some cheap 215/222.5 1x2 call spreads for 5cents, then flipped 1/3rd of the position to establish the remainder for a small credit. I figured if it climbed back toward where it opened at 215, I could flip those for some easy cash. Then at the EOD, I bot the HON 210 straddle for $2.25, a breakeven of +/- 1.1% which I think is too cheap given the earnings move of -5.5%, nevermind the OHLC candle put in on the day.
Yesterday AMC: AFRM, AMZN, BILL, CLSK, ELF, EXPE, FTNT, ILMN, MCHP, NET, PINS, TTWO
Today BMO: CBOE, PAA
Other News:
Follow through names to watch: HON, ALGN, COHR, LLY, PM, RBLX,
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: AFL, ALGN, ARM, COHR, F, MCK, MET, MSTR, QCOM, SU, SYM, VKTX
Day before Y'day BMO: AZN, BMY, BTU, COP, GOOS, HON, HSY, K, KVUE, LLY, MT, PM, PTON, RBLX, TPR, UAA
Y'day Other News:
2 days ago AMC: AMD, AMGN, CMG, EA, ENPH, GOOG, GOOGL, LUMN, MDLZ, MTCH, SNAP, SPR
2 days ago BMO: ACB, BSX, CPRI, DIS, EMR, FI, HOG, NVO, UBER
2 days ago other news:
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