1) $MAXR Earnings Miss (7.31) I like these plays cause shorts like to cover at the open
Stock Gapping down -$1.90 would nibble light long at $5.60 area room to add at the open towards $5 then look for this to push to $6-$6.50 for quick pop and dump then slow fader back to lows, more it yanks at the open better the range for us to the upside on it for quick money
2) $FTCH Earnings Blow out HUGE win for company GS PT $40 (24.50) *FAVORITE
Stock Gapping up +$5 I like to see a nice push at the open towards $30-$32 if it comes then top it off then look for 2-4 points on the gap fill pullback if this yanks at all at the open towards $26 and under go LONG LONG LONG this will be a nice play to the upside on it
3) $FNKO Earnings Beat (19.89)
Stock Gapping up +$5 I like to see a little more push at the open towards $25-$26 area then top it off then look for a nice 2-3 point gap fill pullback on it, great earnings so don’t expect full gap fill but I do see profit taking to $22 and under area then long again
4) $PBYI Great Earnings and update report all positive (27.81)
Stock Gapping up +$9 I like to see a little more push at the open towards $38-$40 area be careful on this one, lots of shorts in it, so if it pushes at open let it, I’d like to nail a nice 4-5 point gap fill flush on it, so I will be eyeing the pull under $35 area then I can grab a few short for a few points to the downside I’d like to get $31-$32 on the pullback then bottom curl it then go long, if you start short now here at $36 give it room to add
5) $NTNX Earnings Disaster (50.09) Multiple downgrades to $37 to $42 PT
Stock Gapping down -$13 I would nibble small here LONG at $36.90 room to $35 to add at the open I’m looking for shorts to cover 4-6 points at the open then bleed the stock out to $35 if this yanks harder at the open let it flush watch that $32-$33 level then long this baby for decent short covering points
6) $XRAY Earnings Beat (41.76)
Stock Gapping up +$5 look for small push at the open towards $48-$49+ then watch for topping then look for a nice gap fill to $43 and under then bottom curl it then look to go long on the stock back to highs, if this yanks hard at the open to $43 and under go LONG on it for slow all day move to the upside
7) $ZS Earnings Blow out Beat (49.68)
Stock Gapping up +$9 I like to see this sell off some at the open room to $60 to add but imo this should see some profit taking to $53 and under, this had solid earnings so don’t be surprised if this pushes $60+ BUT the more it pushes for us at the open more we make to the downside, if this pulls hard at the open $53 should see buyers come in so wait for it
8) $ALRM Earnings Mixed, but analyst are upgrading this morning (65.63)
Stock Gapping down -$4 would nibble a few long at $61 room to $59 at the open watch for a push though $62 then look for a 2 point upside move towards $64, imo this will be bought up on weakness but let it show itself the first minute at the open then we nail it long. Harder it pulls better the range for the upside move
9) $FL Earnings Beat (59.52)
Stock Gapping up +$8 I like to see a little more push while the conference call is going on towards $70 this trades like $BBY so once it tops it will slow fade 2-4 points on the gap fill, if you take a few here at $67 nibble only let it push top off then once the lower lows pull it should break $66 and some down some
10) $SPLK Earnings Beat (135.88) Remember $PANW sell off this is the same type play
Stock Gaping up +$8 I like it here short at $143 BUT i think this will pop a little more at the open so let it push to $145+ top it off first pull will be the short then this should gap fill back down to $137 and under then bottom curl it then slow move to the upside
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Notable Calls:
$NFLX Market up, gaping up (358.10) Gaping up +$4 let this rip a little more at the open towards $364+ then scale in short then look for a $360 pull gap fill then bottom curl it as long as the market holds stock should curl back to highs towards $367-$370
$ICPT RBC with a $130PT upgrade (99.74) Gaping up +$4 let this pop at the open a little more around $105 area if it comes look for the gap fill pull back to $101 and under bottom curl then slow all day move to the upside towards $107-$108
$ADSK Earnings Beat (163.01) Gaping up +$5 would nibble a few short at $168 room to $170 at the open look for a 2-3 point gap fill on profit taking then slow bottom curl back to highs
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