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
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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
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