1) $AFMD Nice continuation from yesterday (5.55)
Stock Gapping up +1.20 would nibble some short here at $6.75 room to $7.5 watch for topping on it then look to fade it gap fill to $6 and under then watch bottom curl to go long on it. Profit takers should cash out and pull it down so let them imo
2) $BLDP entered a collaboration with Weichai Power (2.94) this to me is nothing but a SHORT
Stock Gapping up +.70 let it push at the open and be chased maybe thru $4+ but in the end watch the topping and slow fade back down to $3.10 and under BLDP always gives up there gaps always
3) $AEO Earnings Miss (27.28)
Stock Gapping down -$2 I would love for this to yank at open to $23 area and under then bottom curl then look to go long on it for a nice solid move to the upside, if this pops at open look for a move to $27+ then scale in short on it.
4) $BOX Earnings Miss (26.61)
Stock Gapping down -$2 I like to see this gap fill back thru $26 on a short squeeze cover then we fade it back down if this yanks at the open hard to $22.50-$23 I would be a buyer to the long side for 2 points or more on short covering lets see how it opens then we nail it IMO this weakness will be bought up
5) $OPNT NARCAN partner Adapt was acquired by EBS (15.63)
Stock Gapping up +14 I like to see small pop at the open maybe thru $30 if it comes watch for topping like to see this gap fill back down to $20-$21 and under, this is up a little too much imo so let it push watch the top then we fade it. This stocks so play with smaller size till we get that fade were looking for
6) $DKS Earnings Miss (36.39)
Stock Gapping down -$4 2 ways this pops at open towards $33.50-$34 go long a few and pop it back thru $36-$37 then fade it, or this pulls at the open hard to $30-$31 go long and bounce it for 3-4 points to the upside.
7) $SCVL Nice Earnings Beat top and bottom (36.91) Up thin
Stock Gapping up +5.20 I like the beat but would prefer a little gap fill to $39 area and under on profit taking, took a few short at $42 waiting for a 2-3 points pull at the open, give this room to $44+ at the open before coming down. Great beat but up a little too much
8) $TLRY HUGE Earnings Beat (51.50)
Stock gapping up +12 I would love to see some profit taking on this to $55 and under possibly at the open BUT let it squeeze first if it does to $62-$63 at the open then we fade it, if this simply yanks at the open watch the $53-$55 area think it bottoms out around there, I don’t think this total gap fills
9) $ROKU AMZN possible launch of video service (62.99)
Stock Gapping down -$4 I like to see this pull a little more at the open maybe we see $57.50 area then look for short covering squeeze back thru $60 then slow fader on it, if this pops at open over $60-$61 I would lean into it short for an all day fader on it. Should be fun
10) $GKOS NVS announced voluntary global with-drawl of CyPass (44.80) Let it push if it pops
Stock Gapping up +19 Great news for GKOS, however most upgrades this morning have a $55 PT so with that said if this pops at open to $63+ I would scale in short, if this breaks $60 its gone back down at least 5-7 points on profit taking. Took some at $63 covered a few at $60.80
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Notable Calls:
$SQ Guggenheim out with $100 PT from $75 (80.80) Gapping up +2 I would let this push at open to $82.50-$84 at the open then lean into it short and gap fill this back to $81.25 and under then bottom curl on it then look to go long for an all day slow move to the upside, higher the push out of the gate better for us on the gap fill short
$WTW Oppenheimer out with a $98 PT (76.36) Gapping up .80 would take a few long here at $77.25 room to add at the open look for small pullback then slow move to $79-$80 possibly today
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