1) $PCG Governor of CA wants to reject BK plan (11.24)
Stock Gaping down -$3 think this is another BUYING opportunity at the $8 more it pulls at the open would consider adding on a swing idea back to $11-$12 . IMO PCG will modify and fix whats needed for the Governor to be happy, imo the governor is just posturing nothing more

2) $WVE discontinues suvodirsen with patients with DMD (37.60)
Stock Gaping down -$15 would nibble some at $14 like to see slow move to $22-$24 on it top it off then grind out, if this pulls hard at the open again towards $11.50-$12.50 I would be buyer on this bottom curl then slow short cover gap fill right back to $15+ Keep size small on this

3) $GOSS negative update from NVS (25.37) so what does that really have to do with $GOSS
Stock Gaping down -$13 I would be a buyer on weakness anything under $14-$15 would be taking long, looking for the stock to rebound right back to $20+ if this yanks at the open stupid under $12-$14 would be a buyer watch for bottom curl again and nail it long

4) $MU Positive notes from JPM Morgan and also Susq ups PT to $90 (51.20)
Stock Gaping up +1.70 would be buying weekly 55-57 calls on this upgrade would also like to see quick pop at open towards $54+ top it off then look for 2 point pullback bottom curl then slow all day move to the upside, if this pulls at open would be a buyer at $51.50 and under for all day slow move to the upside

5) $WDC Susq analyst out with a $90 PT from $55 (54.30)
Stock Gaping up +2.30 would like to see small pop at the open towards $57-$58 top it off then gap fill this back down to $54.75-$55 and under bottom curl then slow all day move to the upside. more this gap fills better the range for an all day slow move would be buying 58-60 weekly calls on this upgrade

6) $BMRN Update on Phase 3 “Study” (80.17)
Stock Gaping up $6.50 would nibble small short around $86 area room to $88 pop at the open once this snaps $84-$85 we should get the gap fill right back to $81-$82 and under. IMO this is nothing more then a pop and gap fill fade

7) $AXSM Primary endpoint met in Phase 3 trial (46.79)
Stock Gaping up +41 like to see small pop at the open towards $90-$92+ top it off then look for a 5-8 point pullback on it, NOW IF THIS PULLS AT OPEN TO $78-$80 WOULD SHORT IT REAL QUICK FAST FOR 5-10 POINTS AND THAT’S IT…..THIS WILL NOT GAP FILL SO GET THAT OUT OF YOUR HEAD. We have range but at this point now you wait for the set-up then we nail it for nice money. Like to see this come down to $70-$72 and grind out for an ATM in 48-72 hours

8) $SRPT another day for range on this stock for MORE upside (132.05)
Stock Gaping up +$5 would nibble small short at $137 area room to $139+ at the open look for this to gap fill right back to $130-$132 and under bottom curl then slow all day move back towards $140+ More it pops at open better the range on the gap fill pullback should be fun today

9) $ARGX SunTRust out with a BUY rating and $192PT from $160 (157.11)
Stock Gaping up THIN +7 would nibble small short at $164 area room to $167 at the open more it pops better for us, this should gap fill right back to $158-$160 and under then bottom curl then slow all day move to the upside. $ARGX tends to gap fill on upgrades so look-out for it

10) $BA stating they may scratch the 737 (341.67) THIS IS GOING TO HURT HARD TODAY
Stock Gaping down -$15 imo this should dump hard to $325 and under then small pop for 4-5 points on short covering then look for more downside on this, IMO if this is true what they want we should see $300-$310 on the stock before coming a buyer on the name. If this pops at open to $330 you can take a few for quick 2-4 point short covering squeeze but after that the stock should simply fade allllllllllllllllll day long

____________________________________________________________________________
Notable Calls:

$ADBE Gaping up on Market up and Semi’s getting upgraded (317.94) Gaping up 2.5 would love to see more push at the open towards $322+ top it off then gap fill this back down to $318-$319 bottom curl it then slow all day move to the upside if this gap fills back to $318-$319 bottom curl and go long for all day move upside

$$NVDA Gaping up market and Semi’s getting upgraded (223.99) a repeat from friday Gaping up +2.5 would like to see squeeze at the open to $228-$229 then gap fill it back down to $224.50 and under if this snaps at the open to $224.50 and under simply bottom curl it then slow all day move to the upside

$LMPX remember this hit $44 on Friday so NO gaping right now (28.45) NO gap but if this pushes at open to $30 chase it to $33-$35 then gap fill it back to $29 and under, let this show you, we may have 1 more day in this one for range

 

Copyright © 2019 by AwesomeCalls LLC

No part of this content may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the publisher. Full legal action will be taken. ALL RIGHTS RESERVED