1) $ACHV Great PR this morning Reports positive Data demonstrating no drug interaction (3.80)
Stock Gapping up +2 would consider small short covering squeeze at the open followed by a nice gap fill back down to $4-$4.25 then look for a bottom curl on it I like the news, but think this is a little over done, higher the pop at open better the short imo, so lets see how it plays out at the open. Nice play off the $5 spot this morning those who took it pre-market
2) $PBYI EMA CHMP as adopted a positive trend vote recommending approval of the HER2 (51.10)
Stock Gapping up +$16 I would nibble some short at $67 if you can be careful look for a gap fill to $60-$62 and under if you can and cover, keep your stops tight, this should get more then $70 imo so keep it tight
3) $SPPI Possible Chatter weighing on sell after takeover interest (18.98)
Stock Gapping up +5 I would consider shorting this news at $23-$23.50 add on any pops to $25 on it then look for a nice slow sell off on it to $20 and under for nice money
4) $IQ Market up, Gapping up (32.88)
Stock Gapping up +$2 I would like to see small pop thru $35 followed by a decent topping and gap fill pullback on it to $33 and under then look for bottom curl and look to play again to the long side, as long as market holds up this could fly
5) $HUYA Market up this is Gapping up (31.49)
Stock Gapping up +$2 I like to see small pop at open to $34-$35 on it then look for a nice decent gap fill pull back on it back down to $32.50 and under then look for bottom curl on it then look for slow move to the upside, this should be fun to play today
6) ***********$AXGN Leernik out with a $70 PT from $45 (49.10)
Stock Gapping none, no MM’s on it I’m actually sitting on the bid at $49.40 all morning and NO FILLS I like this call and I am a buyer at the $49-$50 level if this pops at the open look for a nice pullback on it then look for bottom curl go long. BUY some $55 Calls on it should be fun
7) $AKAM Earnings miss (77.65)
Stock Gapping down -$3 I like to see small pull at the open to $73 and under watch for bottom curl on it then play the short covering bounce on it back to $75+ area then look for an all day fader on it to the downside
8) $LEN Earnings Beat (49.22)
Stock Gapping up +3 I like to see this pop a little more at the open maybe we see $54 a share on it then look for a nice gap fill profit taking sell off to $50.50-$51 area then bottom curl it then look to go long on it for more highs should be fun today
9) $ LRCX UBS……Pounding the table to BUY BUY BUY the weakness and tags a $220 PT (171.01)
Stock Gapping up +4 with decent volume, I love the call so let it pop thru $175-$176 I will be eyeing the pullback on it bottom curl then slow mover to $180…………………IF you buy NOW at $175 room to $172 and add the stock should have a nice day in it today
10) $NFLX Imperial out with a $500+ PT….CRAZY but hey good time as any to rebound (384.48)
Stock Gapping up +9 I would like to see small pop at open followed by a decent gap fill sell off to $386-$387 then look for bottom curl on it then look to go long for an all day slow move to the upside recovery
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Notable Calls:
$GWPH FDA Approval on Epidiolex oral solution (144.76) Gapping up +8 I like to see small pop at the open followed by a decent gap fill sell off to $150 and under then bottom curl it, BofA upgrades the stock with a $200 PT this should get it up to $165+
$ILMN Showing $280 on the ASK with No MM’s yet (274.46) remember this has a Citi PT of $320 I think this rebounds today nicely back to highs so watch for the open, small pull back on it then look for a solid possible run to $282-$285 today
$BLUE holding overnight at $160.35 looking for a decent pop at the open then possible fader on it, This has been gutted for 2 days in a row down being up this could get going lets see how it opens first
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