1) $DERM receives FDA approval Qbrexsa (8.80) imo this is nothing more than a pure SHORT back to $9.50 and under
Stock Gapping up +3 I would take some short at $11 spot and on any pops and short this to $9.50 and under and go back to bed and enjoy the rest of your day!
2) $ACAD FDA approval on Capsule (15.07)
Stock Gapping up +1.93 would consider taking a few short at $17 let it gap fill to $15.50 or under then watch for bottom curl on it then look to go long, if this pops again and hits $18+ watch for topping on it then look to short it
3) $KBH Earnings Beat (25.38) Told you all last night to they would beat
Stock Gapping up +$2 look for small pop at the open then look for a nice gap fill pullback to $26.25 and under then look for bottom curl then look to go long on it. Should be fun, more it pops better the short for us
4) $HUYA Signs strategic deal with TCHEY (32.68)
Stock Gapping up +$2.5 would let it pop at open followed by a decent pullback maybe we get $33.50 on it and then look for bottom curl on it then look for a nice all day slow move to the upside. Should be fun ll day on it. This really could move
5) $XLRN Earnings Beat (33.98)
Stock Gapping up +$10 I like the beat would take a few short here at $43 area room to $45 at the open think thinks this comes back to $35-$36 area then bottom curls on it then look to go long. Higher it pops at the open better the play for all of us on the short side.
6) $NKE Great numbers even more blow out numbers on guidance really nice win for NKE (71.70)
Stock Gapping up 8 points I like to see this rush out of the gate thru $80+ then take a few short and at least get a 2-3 point pullback on it, I’m in a little early at $79 but I think if I add on the pop I’ll get what I see, be careful trying to short this, use lighter size but lets see how it opens.
7) ******$ARGX Nomura out this morning with a $161 PT…..$161 PT WOWZA!!! (83.97) Long a few at $85.24
Stock Gapping up +1.30 took a starter will add on dips then look for a nice slow day runner to $90+ on this, would consider buying 90-95 weekly calls and possible July 100’s this is doubler and Nomura sees or knows something, either way I’m going to play it today
8) $VRTX Gapping up on the GLPG News (147.59)
Stock Gapping up +$15 would take a few short at $162 level room to add at the open think this sells off back to $152 and under. I like the gap up and in the end I think we need to fill some of it before legging up on us watch for multiple upgrades to possibly come out, already seeing JPM notes positive this morning
9) $BA Canaccord raises to $375 and #CITI raises to $410 this morning (334.65)
Stock Gapping up +3.5 took a started long at $338 room to add at the open, although I do not like buying such gap ups I cannot ignore the Citi call so I will be looking at the big picture here and see if we get a nice move to $340-$342+ today
__________________________________________________________________________________________________________
Notable Calls:
**$GLPG misses some on top line results helping $VRTX move forward (95.81) Gapping down 5 points this hit $77 yesterday I will be looking for this to pop at open then look for a nice slow all day fader on it. I am short at $90 with room to $93+ at the open if it comes to add. I like to see this get hurt today
$PBYI Positive opinion for product NERLYNX (56.35) gapping up +$2 would like to see small pop at the open maybe thru $59+ then look for a quick gap fill pullback to $57 and under, if this simply pulls at open to same area would take a few long and enjoy a nice slow ride to pre-market highs
$BABA pulling down on PR think this will be bought up back to $188+ (188.51) gapping down -$6 points. LONG at $183.58.36) stock should rebound nicely. Stay focused it will fill the gap!
Copyright © 2018 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.