#fallingknife AMRN Over the past…

#fallingknife AMRN
Over the past year or so, I have done consistently well selling puts and covered calls on AMRN. I’m long 2000 at a cost basis of 12.10

Its down 69% this morning due to a Nevada judge ruling against its patent!

Xanax anyone?!?!?!

HBI

This #FallingKnife ( what isn’t these days??) hit a new low amid the following news

” Clothing company Hanesbrands (HBI) confirmed it’s converting factories to make the N95 face masks for health workers, under a contract with the U.S. government.
Hanesbrands expects to eventually produce 1.5 million face masks weekly and its designs also will be used by a wider consortium of apparel makers pivoting to face masks.”

#fallingknife Couldn’t resist selling MSFT…

#fallingknife
Couldn’t resist selling MSFT Apr 3 105 puts for 1.35….will be much higher in the morning it looks like.

#jadelizard

HFC Put

Sold 1 HFC 03/13/2020 24.00 Put @ 1.45. The stock bottomed at 24 Monday.
#FallingKnife

LNC

After the market re-opened
Sold 1 LNC 03/20/2020 30.00 Put @ 1.75.
#FallingKnife

AAL MRO SLB

Just before the trading halt in an IRA
Sold 1 AAL 03/27/2020 13.00 Put @ 1.34
Sold 2 MRO 04/03/2020 4.00 Puts @ 0.53
Sold 1 SLB 04/17/2020 17.50 Put @ 2.16
Dow futures down 2200 right now.
#FallingKnife

Markets

#FallingKnife stocks
Chevron Corp. (NYSE:CVX), Wells Fargo & Co. (NYSE:WFC), United Parcel Service Inc. (NYSE:UPS) and Altria Group Inc. (NYSE:MO) have reached their three-year lows