1) $GTHX Provides update on Trialacicib They plan to file application (18.56) OMG!!!! Really
Stock Gapping up +5 let this rip at the open towards $24-$25 area if it comes, imo this is nothing more then a pop and all day fader gap fill back to $19.25 and under. This is stupid being up like this. Filing doesn’t mean anything!!!

2) $CRTO Slight Earnings Miss (22.45)
Stock Gapping down -$4 would nibble some long at $18.50 room to $17 at the open think once this opens and pops to $19+ this should push to $20-$20.75+ or more then watch for topping on it then we look to fade the stock. More it pulls to me imo better the push back towards $20-$21

3) $PI Nice Earnings Beat Raise upside Guidance (21.70) Lots of Bagholders on this one
Stock Gapping up +$6 would like to see small pop at the open towards $27-$28 area or more top it off then we scale in short and gap fill this back down to $23 and under, if this yanks at the open hard to $23 and under bottom curl it then we go long for a few points to the upside

4) $SANM Slight Earnings Beat issues In-Line guidance (29.45) Gaping thin
Stock Gapping up +$4 any pop at the open towards $34-$35 imo this is nothing more then a gap fill short back down to $30.50 and under, if this dumps hard at the open to that area or under bottom curl it then look to go long on it

5) $PRGO seems they have an IRS audit and 800 Million Past due in taxes owed (51.41)
Stock Gapping down -$3 would like to see this small pop at the open towards $50 then look to top it off then slow fader back to pre-market lows, if this pulls hard at the open towards $45 and under would bottom curl it and look to go long on it

6) $WDC Earnings Miss (50.47)
Stock Gapping down -$2.5 I would love to see small pop at open towards $49-$50 if it comes top it off and look to fade the stock all day, if this pulls at all at the open hard to $45-$46 would go long and bounce it 2-3 points then we look to fade the stock

7) $CGNX Earnings Mixed in Line Guidance elect biz is declining (53.70)
Stock Gapping down -$8 I would nibble some LONG at $45 area room to $43 at the open look for the stock to short cover at least to $48-$50 area then set this up for an all day fader on it for us. If this yanks hard at open under $43 I would be a buyer and bounce it. Let this set up for us for a nice fader, I want shorts to come in and cover fast and then we top it off and fade it

8) $WAGE $HQY out saying they are making a proposal to $WAGE for $50 a share (43.06)
Stock Gapping up +$7 I want to short this and bring it down to $45-$46 BUT before we can do that let this open first let’s see if it spikes through $50.50-$51 if it doesn’t hold look for this to start to break and slow fader down to $45-$46 and under

9) $NXPI Earnings mixed, they beat BUT revs fell -7.7%Y/Y (97.90)
Stock Gapping up +$8 I like to see a little more pop at open would prefer $107-$109 area then lean into it short, if this breaks $104 at the open you can chase a few short and gap fill this 2-3 points to the downside, this should give up some of its gains when the conf call is done

10) ******$MLM #Earnings Beat However only “Re-Affirms Guidance” (214.22)
Stock Gapping up +$10 Think this has is been built in already I would nibble the SHORT around $225 area room to add on any push towards $228+ and look for a solid 5-10 point Gap fill pull back at the open

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Notable Calls:

$TTD JMP downgrades the stock to Mkt Perform (225.89) Gaping down -$7 I would nibble small long at $218 area room to $215 looking for this to bounce 3-5 points then top off then all day fader on it, more it pulls at the open better the bounce, if this at all pops at open through $222-$223 would sell into it then look to scale in short for an all day fader on it (No PT was given)

$VRNS Earnings HUGE Miss (66.82) How is this up??? HOW!!! Gaping up +$5 would nibble some short at $71/90-$72+ area look for ANY pop at the open this should simple gap fill back down, Higher it pops out of the gate if it does better the range for the downside

 

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