1) $GLPG Leerink out with a $200 PT from $150 (183.40)
Stock Gaping up +8 would nibble short $191 area room to $193 at the open look for a nice gap fill sell off to $185 and under bottom curl then slow all day move to the upside
2) $PAYS #OFFERING 150 Million no Price set yet + Downgrade at BTIG to sell $12 PT (17.50)
Stock Gaping down -$1.40 I would try and get some short here at $16.40 area add on ANY pop at the open I like this to dump hard to $14-$15 at the open then short cover quick 1-2 points top it off then all day slow bleed. should be fun
3) $PETS Earnings Miss (16.23)
Stock Gaping down -$3 like to see this gap fill back a little more at the open towards $16+ then top it off then slow all day fader back to pre-market lows if this pulls gain at the open towards $13.50 and under bottom curl it then look to go long on it
4) $CALM Earnings Miss (39.38)
Stock Gaping down -$3 like to see a little more sell off towards $33-$34 at the open look for shorts to come in and cover 1-2 points for quick money then resume back short for more lows. This should get beat up pretty bad today if by chance this pops and gap fills through $38 top it off and all day fader to the downside
5) $BHVN CRL letter from the FDA regarding application on NURTEC (44.10)
Stock Gaping down -$3 like to see this gap fill back to $43-$43.50+ at the open then top it off then look to slow fade it for the day, if this pulls again at the open to $40-$41 would scale in long for an all day slow move to the upside back to $43-$43.50+ or more.
6) $AMAT Goldman out with a conviction BUY at $56 PT from $48 (47.81)
Stock Gaping up +$1.30 like to see this pop a little more at the open towards $50-$51 then look for a nice gap fill pullback to $48-$48.20 and under bottom curl it then slow all day move to the upside, if this yanks right at the open and gap fills to those areas then scale in long for slow all day move to the upside
7) $MU Goldman Sachs out with a BUY rating with $56 PT from $40 (45.52)
Stock Gaping up +1.20 I like to see this pop a little more at the open on short squeeze to $47-$47.50+ then top it off then look for gap fill fade back down to $46 and under then go long, if this yanks at open quick to $46-$46.25 and under would bottom curl it then slow all day move to the upside
8) $DVA Earnings Beat (56.05)
Stock Gaping up +$3.70 like to see a little more pop at the open through $60-$61 if it comes then scale in short the minute this yanks under $59 like to see quick sell off to $57-$57.50 then bottom curl then slow all day move to the upside. If this pulls right at the open and gap fills to those areas then go long back to pre-market highs
9) $LRCX Upgrade to BUY at Goldman with $231 PT from $197 (198.47)
Stock Gaping up +5.50 I like the call, Let it pop a little more at the open like to see this get to $205-$207 if it comes then look for a nice slow all day back towards $199-$200 and under, if this simply sells off at the open let it dump to $200 and under bottom curl then slow all day move back to $204-$205+
10) $LII Earnings miss cuts guidance (278.90)
Stock Gaping down -$15 like to see some short covering at the open towards $268-$270 top it off then look for slow all day fader back to pre-market lows and lower, if this yanks hard at the open watch the $258-$260 area bottom curl and nail it for 5-8 points to the upside on short covering
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Notable Calls:
$SFIX Stifel out with an upgrade to BUY with PT of $35 (26.90) Gaping up +$.80 I like the call, looking for the stock to pop a little more at the open towards $28-$28.50 then lets gap fill it back down to $27.25-$27.50 and under bottom curl it then slow all day move to the upside
$BYND Gaping up on No News (176.79) like to see this pop at the open towards $179-$180+ then look to gap fill this back down to $174-$175 and under bottom curl it then slow move to the upside back to pre-market highs and more
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