Tuesday, August 15, 2023 5:51:52 PM
AUG 15 end of day flow - some noteworthy trades on $JNJ $WOLF $DFS
$WOLF - this was a particularly interesting one @ $720k premium, $5 OTM, for Friday, and 20 min before the close. WOLF has earnings after the close on Aug 16, so clearly an ER play. "
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications." -- I'll take a ride on that with a small position. Picked up 9/15 55c @ 4.85. This is a risky trade if you look back at historical - earnings are terrible for it most of the time. If I can swing 10-15% prior to the ER at the close, I'll take it.
$DFS - this chart is a train wreck, looks like trader is expecting a bounce of this $90 support that has been holding. I'll probably tail this one, too. I just didn't have enough time to move before the close. This trade was 3min until the bell. Options are reasonably priced on this one.
$JNJ - this one has gotten steady flow for several weeks now - earnings were great -- do they have a weight loss drug they sell or in pipeline? I haven't looked, but that's what the big pharma moves are on the back of lately.
$WOLF - this was a particularly interesting one @ $720k premium, $5 OTM, for Friday, and 20 min before the close. WOLF has earnings after the close on Aug 16, so clearly an ER play. "
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications." -- I'll take a ride on that with a small position. Picked up 9/15 55c @ 4.85. This is a risky trade if you look back at historical - earnings are terrible for it most of the time. If I can swing 10-15% prior to the ER at the close, I'll take it.
$DFS - this chart is a train wreck, looks like trader is expecting a bounce of this $90 support that has been holding. I'll probably tail this one, too. I just didn't have enough time to move before the close. This trade was 3min until the bell. Options are reasonably priced on this one.
$JNJ - this one has gotten steady flow for several weeks now - earnings were great -- do they have a weight loss drug they sell or in pipeline? I haven't looked, but that's what the big pharma moves are on the back of lately.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
