1) $VKTX Positive Phase 2 study (this is really old news being resubmitted today) (11.73)
Stock Gapping up +$4 this is nothing more to me then a pop and gap fill fade back to $12.50 and under, higher it pops if it does to me just watch for topping and look to fade it, if this begins lower lows set in at the open then simply look to fade it all day back to $12.50 and under imo
2) $VERI Earnings Beat (6.88)
Stock Gapping up +2.25 imo this is nothing more then a pop and short and gap fill back to $7 and under, if this yanks at open to $7 an under then I would go long and take it for 1-1.5 points to the upside on it
3) $EVER Earnings Miss (11.91)
Stock Gapping down -2 I like to see a solid pull at the open towards $9 and under then bounce it for +1-1.2 then top it off then look to fade it, more it pulls imo better the bounce. I don’t like LONG on this at the open would prefer the dump first if it does pop at the open towards $10.50 it will be short lived and become all day fader on it.
4) $VOD Earnings Beat (18.59)
Stock Gapping up +$1.75 I like small pop at the open followed by a nice sell off and FULL gap fill back to $18.75 an under then look for bottom curl it then look to go long the stock, if this pops at the open thru $20.50-$21 it will be short lived then look for the fade on the stock imo gap fill it then go long
5) $AIMT Gaping up on yesterdays weakness (27.95) Wedbush put a $80PT on this yesterday
Stock Gapping up +$2 I like to see this small pop followed by a full gap fill to $28.25 and under then bottom curl it the slow move to $30-$31 on it
6) *****$BBY BofA out with a Big cut to Neutral with a PT of “$70” from $92 (67.15)
Stock Gapping down -$3.15 this is huge on this call, I would prefer a little more pull at the open prefer about $62.50 and under then go LONG and gap fill it back to $66+ then top it off then look to fade it all day, if this pops at the open to same area watch for topping then all day fader on it to lows
7) $YY Earnings Beat (61.07)
Stock Gapping up +$2.5 I like to see some short squeeze at the open towards $64.50-$65+ then watch for topping then look to short the stock on it then gap fill it back down to $62 and under bottom curl it then look to go long the stock. More the pop out of the gate better the play
8) $XLNX Susquehanna out with a Positive Rating and ups PT from $82 to $95 (82.33)
Stock Gapping up +$2 I would prefer a small pop at the open towards $85-$86 top it off scale in short and look to fade it and gap fill it back down to $83 and under then go long, if this pulls right at the open then look for gap fill to $83 and under then look to go long on it for slow all day move to the upside
9) ****$SAGE Leernik out with an Underperform Rating with $80PT (121.44)
Stock Gapping down -3 with NO MM’s trading it yet, I like this trade a lot, ANY pop at the open towards $120+ I will be taking short and adding all the way up in case it hits $122+ looking for topping on it then look to fade the stock, if this pulls hard at the open to $115 I will bounce it short cover it then look for a nice all day fader on it
10) $AAP Earnings Beat (167.06)
Stock Gapping up +$10 I would like to see a little more squeeze at the open possibly thru $180-$182+ then top it off then look for a nice 5-7 point gap fill sell off on it, if this pulls at the open and dumps on profit taking think $170-$172 will be the best it will give. Let it pop and run then look to short it
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Notable Calls:
$NFLX Gaping up +$1 (294.07) I would like small pop at the open followed by a nice sell off to $285 area or under then bottom curl bounce it for 5-7 points then fade it again, if this pops at open towards $298-$300 I would consider shorting the stock for a nice fader on it.
$ROKU like to see $ROKU pull at the open a little more maybe we touch $39’s today then look for a nice 2+ point bounce on it or more If this pops at the open towards $43 watch for topping then fade it back down, took some LONG at $41.86
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