1) $BGNE announce collaboration with Amgen with $2.7 billion infusion (138.34)
Stock Gaping up +40 imo this should come back down to $155-$160 and under anything off the $175-$178 to be is and was a nice short opportunity, any pop over the $178-$182 at the open watch for topping then nice 10-20 point gap fill if this pulls at the open to $160 and under, simply cover and move onto the next trade
2) $PINS I told you all when this debuted I said this is a $10-$15 co. Horrible miss (25.14)
Stock Gaping down -$5.65 imo if this pops small at the open through $20 chase it quick to $21-$22 area top it off and all day fader on it, if this yanks at the open towards $18-$18.50 and under be a buyer on that and shorts will come in and cover this nice
3) $CAR Earnings Miss (29.71)
Stock Gaping down -$3.70 like to see small pop at the open towards $27.50-$28+ on short covering then top it off then slow all day fader back down to lows, if this yanks at the open watch the $25-$26 area bottom curl it then slow all day move towards $27-$28+ let this show you
4) $SRDX Earnings miss (47.51)
Stock Gaping down -$3.50 like to see more pull at the open towards $42 and under then bottom curl it then 2-3 points to the upside, if this pops at the open at all towards $46+ scale in short of an all day bleeder on it
5) $STX Earnings Mixed (58.03) NOTE typically $STX likes to be bought up on weakness
Stock Gaping down -$2.75 would nibble long at $55 area like to get quick pop at the open towards $58-$59+ top it off then slow grinder on it back down 1-2 points, if this pulls at the open at all wacth the $53-$54 area bottom curl then slow move to the upside
6) $FTNT Earnings Beat (81.56)
Stock Gaping up +$7 like to see small pop at the open towards $89-$91 area top it off then look for nice gap fill sell off pullback to $83 and under, if this yanks right at the open to $83 and under bottom curl it then slow all day move to the upside
7) $QRVO Earnings Beat multiple upgrades and Buyback all in one (80.86)
Stock Gaping up +$10 I want to short this and gap fill at least 1/2 back to $85 and under, however with the buyback we should get a small push at the open towards $92-$94 top it off then look for a nice slow fader back down 4-6 points, higher it pops better the range for all of us to the downside
8) $ITT Earnings Beat (59.45)
Stock Gaping up +$7 like to see small pop at the open towards $66-$68 top it off then 2-4 point gap fill short on it for slow move back to $62.50-$63 area and under, more it pops at the open better the range for us to the downside
9) $AMED upgrade from Baird to $160 PT (128.52) Top short idea
Stock Gaping up +10 with no MM’s any pop out of the gate over $140 imo would be a nice short and gap fill fade back to $130-$132 and under cover, bottom curl it then slow all day move to the upside back to pre-market highs and more.
10) $ANET Earnings Miss and bad guidance (244.57) NEWBIES DO NOT TRADE THIS STOCK TODAY
Stock Gaping down -$71 points, I would nibble small at $173 area room to $168-$170 at the open watch for bottom curl and shorts to come and cover to $185-$190+ if you wish to wait let it pop at open towards $176-$178 then chase a few for quick money towards that $185 area I’m looking for play small, think imo this is a little overdone, but play small and keep stops wide 3-5 points give it room
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Notable Calls:
$AYX Earnings Beat (91.50) Gaping up +6.50 I would like to gap fill this back down to $91-$92 and under then bottom curl it for slow move back to pre-market highs of $97+
$LOCO Earnings Beat (11.62) Gaping up +$1.70 like to see small pop at the open towards $13.50-$14 top it off then nice 2 point gap fill pullback on it, if this yanks right at the open towards $12 and under I would be a buyer bottom curl then slow all day move to the upside back to pre-market highs
