1) $OII Earnings Miss (19.32) NO MM’s on it yet
Stock Gaping down -$3 would nibble the open at $16-$17 look for this sit gap fill short cover to $18+ then all day fader on it, if this pulls harder at the open to $14-$15 I would be a buyer on this and squeeze it for 2-3 points on the short cover then short it
2) $NTGR Earnings Beat (28.38)
Stock Gaping up +$3 thin, like to see small pop at open towards $32-$33 if it comes scale in short and gap fill this back down to $29 and under, typically $NRGR fills there gaps then bottom curl then slow move to the upside. If this gap fills at the open bottom curl it then go long
3) $DISH Tier 3/4 firm Moffett putting a sell rating and $30PT (41.56)
Stock Gaping down -$1.10 I like to see this yank a little more at the open towards $38-$39 if it comes then we nail a quick 2-3 points short cover then slow all day fader on it, if this gap fills back up to $41+ scale in short for an all day bleeder on it
4) $SAVE Earnings Miss (55.05)
Stock Gaping down -9 would nibble small LONG at $47 and under room to $45 typically SAVE rebound at least half of their gap downs, so watch for the push through $48.50+ then we nail it for a few more points to the upside, more this pulls better the range got us to the upside
5) $PTC Earnings Miss (91.60)
Stock Gaping down -$16 points I would nibble small LONG at $76-$77 area room to add on the pull to $74-$65 look for this to short cover squeeze towards $80-$85+ then top it off then slow bleeder on it, More this pulls better the range for us to the upside on it. Should be fun
6) $MMM Earnings Beat (179.42)
Stock Gaping up +$10 I like to nibble small short here at $188 room to $190+ at the open look for this to gap fill back down to $183-$185 and under then bottom curl then slow all day move back to highs, impressive beat so this should stay up most of the day.
7) $NOW Earnings Miss (297.21)
Stock Gaping down -7 I like to see this pull a little more at the open towards $285-$287 or more let it drop then we nail 3-6 points on the short covering then top it off then all day fader on it, if this gap fills right at the open to $293-$295 top it off and look to fade the stock today
8) $TSLA Earnings Disappointment (264.88)
Stock Gaping down -$32 I would nibble some LONG atr $233 area room to $230 pull at the open like to see the shorts come in and cover to $240-$243+ then we top it off and slow fade it, the more this yanks at the open watch shorts to come in and cover this for a nice 10-12 points or more to the upside. REMEMBER $TSLA always recoups when down huge, it will NOT gap fill at all today, but it will squeeze us 10-15 points
9) $ALGN Earnings Mixed (275.16)
Stock Gaping down -$60 Points I would nibble long here at $217 area room to $215 at the open then watch for shorts to come in and cover look for the stock to run 10-15 points then top off then we can re-short it, watch for the push through $225+ area that’s when we nail it. Be patient stock has a lot of room
10) $TREE Earnings Miss (413.84) THIS ONE WILL PAY YOU BUT YOU MUST BE PATIENT
Stock Gaping down -$63 Points OK with this I would nibble very small starter at $350 area give it room to $335-$340 then bounce it for a quick 20-30 points. I like to see this at least bounce on short covering to $365-$375 from down here then top it off and look for the fader on it for 20-30 points
____________________________________________________________________________
Notable Calls:
$XLNX Earnings Mixed (132.14) Gaping down -$6 would love to see a little more sell off to $122-$124 area and under then quick short covering bounce back to $128-$129+ area then top it off then slow all day bleeder. I would love for this to pop at the open then look to fade the stock all day, more it pulls better the range for the bounce for quick points
$BYND Another day of Gap (202.92) Gaping up 5 point would nibble some short at $207 room to $209 look for this to pull at open to $200 and under then bottom curl rip it back to $210-$212 area then look for a nice slow fader back to $200
$ATVI BofA upgrade to BUY with $56 PT (46.86) Gaping up +$1.20 look for the stock to small pop at open to $48-$48.50 then look for gap fill it to $47 and under bottom curl it then slow all day move towards $48.50-$49 on this call
Copyright © 2019 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