1) $PBYI Earnings Disaster JPM out with $23 PT Barclays $29 (38.60)
Stock Gapping down -$13 I like to see this small pop at open followed by a nice fader to $21 and under on the stock, IF this pulls right at the open look for the $20-$21 spot to come in and pick this up long for a nice short cover squeeze for 4-6 points, I do think it will pop at the open then we fade it, but I think the max we will see is $29-$31 on it before we begin to fade it
2) $SYMC Earnings Beat (18.73)
Stock Gapping up +$2 I like to see small pop at the open towards $20.50-$21 then watch for topping then look for nice gap fill back down to $19.35 and under, if this pulls at open and gap fills would be looking for a nice play to the long side on the gap fill pullback, so watch for small pop then short bottom curl then we go long on it
3) $ALKS confirms outcome from FDA (40.83)
Stock Gapping down -$3 I like to see small pop at open towards $39+ area then look for the topping on it then look for an all day fader on it back down to lows, if this yanks at open to $35-$36 I would be a buyer and ride it up for 2-3 points on short cover squeeze
4) $EXEL Earnings Beat (14.95)
Stock Gapping up +2.5 like to see just a little more pop at the open maybe thru $18+ spot then lean into it short, $EXEL also tends to fill their gaps so I will be looking for the short side on this trade, let it pop a little more then watch that topping then we nail it to the short side
5) $KHC Earnings Miss (56.20)
Stock Gapping down -$4 Like to see a little pop at the open possibly towards $54-$55 area then look for the all day fader to set in, if this yanks at the open look for $50-$51 spot to go long then look for the slow fader to the upside back to $54 Investors like buying the weakness on KHC
6) *******$WTW Earnings Miss (68.49)
Stock Gapping down -$13 would nibble a few long at $56 level room to add to $53 at the open then look for shorts to come in and cover like to see this bounce thru $60-$62 at the open or more then top it off then look for the all day fader on it, more it pulls at open better the bounce for all of us for points
7) ****$SBUX This is nothing more then a $64 SHORT call back to $60 and under (58.63)
Stock Gapping up +$6 $SBUX on earnings always fills there gaps before legging up investors like to take there profits on $SBUX IF this pops again at open to $64-$65 I am a short seller on it and will ride it back down to $60 and under
8) *******$OLED Earnings Disaster Horrible Guidance (129.65)
Stock Gapping down -$35 points OK tricky here, imo we see $90 and under on it, then I want to bounce it, if you buy here at $95 YOU must give it room to $90 to pull then hold your average the stock should bounce 5-10 points from there for good money, if this gets thru $105+ watch for topping then look for the all day slow fader to the downside
9) $BABA Mixed Earnings (151.25) Gapped up +9 now Flat
Stock Gapping up +.80 actually I would take a few LONG here at $152 give it room to $150 stops right at $149 keep it tight like to see this open with a move towards $156-$157 I don’t think it will simply pop but it will give us the range we need for solid points, let it set up
10) ******$ABMD BTIG out with a $450 PT (hence why it was running yesterday (376.94)
Stock Gapping up +9 would nibble some SHORT here at $385 give it room to $390 at the open then look for this to gap fill back down to $378-$380 area or under then bottom curl on it then we look to go long on it for a slow all day move to the upside, Ideally want the short side of this
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Notable Calls:
$TLRY Gapping up +$1 (98.98) like to see small pop at the open then look for a nice sell off to $90 and under then bottom curl then look to go long on it for a slow move 5-7 points to the upside
$NFLX Gapping up this morning almost flat into the open (317.38) I like this to have small pop at the open maybe thru $322-$325 then look for a nice pull to around $305-$308 then buyers should come in, I like this to sell off mostly then we come in play it for points
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