1) $URGN 3.8 million Offering at $41 a share (45.93) anything under $41 YOU BUY
Stock Gapping down -5 points LONG at $40.75 look for the stock to get back to $42-$43 then top off and fade again, if it goes higher, then awesome but imo this should be the easiest 2 points you will ever make in day trading. Small offering and hit below $41
2) $WVE 3.9 million offering at $38 a share (41.71)
Stock Gapping down -$4.60 would be a buyer at $37.20 area look for a nice pop on it to $39-$39.75+ or more should be a fun way to make a few bucks on it if it dips again at the open $37 area and under I would go long on it
3) $BGG Earnings Miss (13.70)
Stock Gapping down -$2.20 I would nibble some long at $11.50 room to $11 at the open looking for the stock to rebound back at least 1 point or more then fade it, more this pulls at the open better the bounce for all of us.
4) $TXT Earnings Beat (49.17)
Stock Gapping up +5 would nibble some SHORT at $53.90 area room to add on any pop looking for the stock to gap fill back down to $50.50-$51 and under should be fun.
5) $XLNX HUGE Earnings Beat (89.55)
Stock Gapping +10 would like to some short around $99 area room to $101 at the open then look for some gap fill profit taking to $95 and under, this had really good earnings so $93-$95 is where it should settle if it gives more then great but either way it should pay us 3-5 points
6) $CTXS Earnings Miss (108.66) Took short after hours $108.78 covered at $105
Stock Gapping down -$6 I like to see this small pop at open towards $105+ area then look for the topping on the stock and then look for a nice all day fader on it to lows, More it pops at the open better the fade for all of us on the stock should be fun, if this pulls hard at the open towards $99 and under would go long and bounce it for sure.
7) $MKC Earnings Miss BIG (139.00)
Stock Gapping down -$19 would nibble a small about around $121 and under look for a small pop at the open towards $124-$126+ area then watch for topping then look for all day fade on it, if this pulls hard at the open to $115 would be a buyer on it and bounce it for 5-7 points, I would like to see some short covering at the open then look to short the stock for all day fader
8) $LRCX Mixed Earnings +5 Billion Buy Back seeing some PT downgrades on it (139.33)
Stock Gapping +$10 I would let this pop a little more at the open towards $150 if it comes then look for topping on it then look for a 4-5 point pullback on it, if this pulls at open look for the $142.50 area as its new base on it. More it pops better the fade imo
9) $PANW Wedbush out with an upgrade with $265PT (205.72)
Stock Gapping up +$6 took some short at $210.50 with room to add looking for a sell off an gap fill back down to $207 and under if not the full gap fill, already banked some with $209 covers, if this pops at open to $211-$212 consider it a gift and look to fade the stock on it and gap fill it
10) $TSLA More sell off today as this heads to $275 and under (287.59)
Stock Gapping down -$6 would take a few long at $281.55 area stock should pop at the open towards $285 to $288+ on short covering then watch for topping on it then look to fade the stock most of the day.
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Notable Calls:
$TWLO like to play this again like yesterday (99.81) Anything under $100 I would be a buyer today and let the stock ramp back to $102-$103 then sell off again, rinse and repeat all day long like we did yesterday $99 is the prime area to go long
$AMAT Gaping up on all semis up on $XLNX up (34.31) Gaping up +1.60 would take a few short here at $36 with room to add on small pop at the open and look for this to gap fill back down to $34.50 and under then bottom curl it then look to go long on it
