1) $CARS Earnings Disaster (18.04) Nibbled some LONG at $11 fill sold 250 Shares at $12
Stock Gaping down -$7 would love to see small pop at open towards $14+ then lean into it short for slow fader if this drops to $10 and under I will be a buyer again on weakness and bounce it 2+ points
2) $ON Earnings Miss (19.98)
Stock Gaping down -$1.30 not too bad would prefer a little more pull at the open like to see $17-$17.5- then bottom curl push to $18.50-$18.75 more it pulls better the range for us, earnings weren’t horrific but does warrant a little more pull, if this gap fills quick at the open to $18.75+++ top it off then slow fader on it
3) $BZUN Getting smacked on Trade Wars (45.36) Like $YY & $MOMO also on weakness
Stock Gaping down -$3 nibble small long around $42 area room to $40 at the open looking for stock to rebound 2-3 points off the bottom should be fun more it pulls better the range to the upside on it
4) $ALLK Phase 2 Primary Endpoint met
Stock Gaping up +$34 think the $65 is top on it, lets see if it rips again to $65 then scale in look for a 55 and under pullback on it, this is Phase 2 so it should do ok, the key to the short is breaking $58-$60 at the open bottom should be $45-$50 think the MM’s will keep it there to do a secondary offering in 2-3 days after today
5) $SQ Getting hit on Market (69.60)
Stock Gaping down -$5 Like to nibble small at $65 room to $62 pull at the open looking for a $67+ rebound then low fader, more it pulls better the range to the upside, I like $SQ on weakness
6) $ZM Getting hit on Market (93.66)
Stock Gaping down -$5 like small nibble at $89 and under room to $87-$85 on the pull at open looking for the stock to bottom curl push through $90 then slow fader on it, more it pulls better the range to the upside. If this pops at open to $90-$91 sell it it then slow fader on it
7) $BYND Gaping down on Market (177.11)
Stock Gaping down -$10 would long $168 and under pop at open to $172-$174 top it off then look for weakness on the stock back to Pre-Market lows, looking for $162-$165 on the downside
8) $ABMD positive comments on Medicare Payments on Hospital Charges (200.62)
Stock Gaping up +5 small starter $205 and under looking for $200-$202 pull at the open will look to buy on weakness, this news is positive and after the 75 point miss this should get above $210+ let it set up, if you take now long give it room
9) $TTD Getting Hit on Market (260.98)
Stock Gaping down -$10 like to see small pull at the open to $242-$245 area if it comes, let this one set up stock has range bottom curl it then look for 5-8 point bottom curl off the bottom should be fun
10) $NFLX Getting hit on Market (318.83)
Stock Gaping down -$8 would nibble small $310 area room to $305 at the open look for the stock to push 3-5 points out of the gate possible $315 topping then slow fader more it pulls better the range to the long side for us
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Notable Calls:
$BA Getting hit on Market (339.56) Took starter at $332.75 will add on dips today all the way $325 if stock hits $337-$338 will sell into it for 3-5 Plus Points on it. Nibble small if market sells off simply buying opportunity
$OLED Getting hit on Market (205.49) Gaping down -$10 would nibble some long at $196 area room to $192 at the open look for the stock rebound back through $200 if $200 comes quick watch for topping then slow fade
$NTES Getting hit on Market (219.70) Gaping down -$6 would nibble small at $213-$214 level room to $210 and under at the open bottom curl look for stock to head back to $215-$216 let it set up
