1) $DOCU Big win into #Earnings gave this at $66.50 said to by 75 weekly calls (69.50)
Stock Gaping up +8 CASH-OUT CASH-OUT if this sells off at the open towards $70-$72 take a few long and look for slow all day move back to pre-market highs, I do expect some profit taking sell off at the open, However this us already a big win for all of us, so if this pops at open to $78-$80 it should top off then gap fill pullback 4-5 points
2) $YEXT Earnings Miss (16.60)
Stock Gaping down -4 would long a few at $12.50 room to $11.50 to add once this pushes through $13 we should get another point or 1.5 points then look for a nice fade more this short covers at the open better the range to the downside for us, if this pulls to $11.50 area watch shorts to come, ideally would love to push to $13+ top it off then fade it
3) $BIG Earnings Beat, they needed this one today (19.16)
Stock Gaping up +5 like to see this rip a little more shorts are in a bind so let see if we get $25+ on it before trying to short it, if this snaps at open watch the $22.50 area to break then you will get 1-1.5 pt pullback on it then bottom curl it then go long. THIS WILL NOT GAP FILL this is too strong in pre-market so let it set up before trying to nail the short side of it
4) $MDLA Earnings Beat (29.86) Nothing impressive
Stock Gaping up +3.20 thin, let it push a little more see if we get $34+ on it once lower lows set in look for this to gap fill back down to $30.50-$31 area and under bottom curl it then slow all day move back to highs, if this snaps and gap fills to those areas bottom curl it then slow all day move to the upside
5) $PD Earnings Mixed (24.99)
Stock Gaping down -$5 like to see some short covering pop at the open to $22-$23 area top it off then look to fade the stock, if this snaps at open hard to 18-$19 I would be a buyer on that weakness and let shorts cover it. Should be fun
6) $GCO Earnings Beat (36.91)
Stock Gaping up +3.20 would nibbles small short at $42.50 room to $44 pop at the open this should gap fill back down to $37.50-$38.50 and under bottom curl it then slow all day move back to pre-market highs, more this pops at the open better the range for us to the downside. I like it to sell off and pull at the open then we can go long, start small and let’s see if it pulls down.
7) $SAGE Most of #Analyst come out including Morgan Stanley with $125PT (60.18)
Stock Gaping up +2 would take some at $62 area room to add on ANY pullback like to see this head back to $68-$72 slow all day move, if this snaps at open $60 seems to be the solid base, but now that we have Morgan at $125 we should get a little love in the stock
8) $GWRE Earnings Mixed (119.33) downside guidance Q2 in line FY20
Stock Gaping down -5 on the bid like to see ANY pop at open above $117 top it off scale in and I would love for an all day slow fader back down to $110-$112 area or under, more it gap fill pops better the range the downside, you can’t take anything now, no MM’s on it, but if this yanks to $110-$112 or under shorts will come in quick cover a few quick points then we can scale in and fade it all day back down to lows
9) $DOMO Earnings Beat (19.50)
Stock Gaping up +$3.80 imo this should simply gap fill off the highs back to $20.50-$21 area and under, if this pops at open towards $24-$25+ top it off and short it for nice gap fill sell off, if this dumps at open cover it around the $20.50-$21 area bottom curl it then slow all day move to the upside
10) $ULTA Earnings Beat (236.02)
Stock Gaping up +20 Like to see small pop squeeze at the open towards $260-$263+ area then top it off then look for some SERIOUS profit taking pullback on it back down to $242-$245 and under then bottom curl then slow all day move back to pre-market highs the more this sells off the better the range to the upside, so let this set up for you, ideally would love the pop and sell off then bottom curl it. Its up a lot so let it set up for you before scale in too soon
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Notable Calls:
$TSLA Morgan Stanley out with $500 PT “IF they have strong Truck sales” IF (330.37) Up +7 like to see a little more push squeeze at the open towards $340-$342+ top it off then look to gap fill this back down to $332-$333 area and under and bottom curl it then slow all day move to the upside, if this yanks and gap fills to $332-$333 then slow move back to $340+
$TTD Needham out with $325 PT BUY Rating Loves the stock (240.42) Gaping up $15 I like small pop at the open if it comes to $260-$263 top it off then look for some gap fill to $245-$247 and under bottom curl then ALL day slow move back to $260+ if this pulls at the open to $245-$247 scale in long for an all day slow move to the upside
$CIEN getting crushed UBS out with a SELL rating into earnings on the 12th says they will guide lower and miss big tags a $31 PT would be buying $29-$30 PUTS on there notes, this is a strong statement from UBS they are adamant they will miss, so ANY pop back to $35-$36 or next week will be a blessing and take advantage of that if it gets back there (36.29)
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