1) $ATHM Gaping down -10 POINTS on No News think we get quick pop at open (82.59)
Stock Gapping down -$10 can’t find any news, reminds me of $MDB looking for some gap fill short covering at the open towards $78+ then slow fader back to lows. Think shorts will cover and squeeze it but will give it room to $70 at the open if it pulls so do NOT size in nibble long
2) $PCG Moody Downgrade (17.76)
Stock Gapping down -$1 like to see this pop at the open towards $17.25-$17.50 then slow fade on it, if this yanks to $16 and under I would be a buyer and bounce it
3) $TAK gaping up (19.13)
Stock Gapping +$1 would prefer a small pop at open then look to lean into it short $20-$20.20 area then look for a nice slow fader and gap fill this back down to $19.25 and under
4) $WTW JPM Morgan out with a sell rating and cut PT from $70 to $37 (35.08)
Stock Gapping down -$2 like to see small pop at open towards $34.50+ then look for top off then slow fader back to $33 and under, if this yanks to $31 area look to go long on it and pop pop it back 2-3 points before fading it again
5) $ATVI Bungie to assume all rights to Destiny Franchise (51.35)
Stock Gapping down -$5 would prefer a small pop at open on short covering to $48-$49 then top it off then look for slow all day fader back to lows, if this yanks at the open watch for $44 area bottom curl on it then look to go long on it
6) $OLLI raises guidance FY19 (76.49)
Stock Gapping up +$4.5 watch for pop at the open towards $83+ area top it off then look to gap fill this back down to $78 area and under, If you short now at $81 give it room and look for a nice 3-4 point gap fill on it
7) $SNX restructuring plans with Calvin Klein (86.83)
Stock Gapping up +6 would nibble some short here at $92 area room to $94-$95 at the open top it off then look for a nice gap fill fade back down to $88 and under, should be fun
8) $YUM Goldman Sachs out with a sell rating and $76 PT (91.79)
Stock Gapping down -2.5 I like to see this pull a little more at the open towards $87 and under then look for a short covering squeeze back to $90.50-$91 area then look for topping on it then look for slow all day fader back to pre-market lows
9) $TLRY Privater Holder indicates will not sell 75 mil shares when lock up exp (80.40)
Stock Gapping up +$20 I like the short at $100 fade it back down to at least $85-$88 spot then look for the bottom curl on it then look to go long on it. Should be fun This is good news for TLRY, if this pops at open I don’t see more then $110 on it before it starts to sell off .
10) $NFLX Gaping up on 2 Tier 1 firms uping the PT to $430+ (324.66)
Stock Gapping up +10 would like to see small pop at open towards $335-$337 area if it comes then look for a decent gap fill sell off of 5-7 points then bottom curl it then look to go long on the stock, if it gap fills right at the open and your short look for a $327 area bottom curl on it to go long
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Notable Calls:
$BA Should have a nice day in it (352.61) Gaping down -$3 would like to see small pop at open back to $352-$355 area then sell it off slowly again back to $345 area, so small pop at open then sell off then look for the bottom curl on it then go long as long as the market hold
$GM Guiding higher for FY 2019 (34.73) Gaping up +$3 look for small pop at the open towards $38-$39 area top it off then look for slow fader back down for at least 2 points or more to the downside.
