1) $PZZA Earnings Disaster (41.07)
Stock Gapping down -3.5 would look for some gap fill to $39.50-$40.50 area then look to short it for an all day fader to $37 and under, higher it pops better the all day short on it for us.
2) $ALRM Earnings Beat (44.94)
Stock Gapping up +$6 I would nibble some short at $50 level room to $52 at the open then gap fill it back down to $46 and under then bottom curl it then look to go long on it, if this yanks at open then look for that $52 and under on it
3) $MTCH Earnings Beat across the board today (38.88) Multiple PT increases
Stock Gapping up +8 like to see a squeeze to $47.50-$48 at the open then look to short the stock and gap fill it back down to $42 and under, this should squeeze top off then look to fade it on profit taking. If this begins to sell off look for that $42 and under curl reminds me of ETSY
4) $AAOI Earnings Beat (37.23) NOTE Multiple PT increases to $42-$45 BUT 1 at $55 Need
Stock Gapping up +7 If this begins to open and gets thru $46.50 look for a quick squeeze to $48-$50 fast then scale in short, there are a lot of shorts in this so I am anticipating a squeeze but not much imo, I would prefer this to gap fill under $40 then bottom curl then look to go long on it
5) $CARG Earnings Beat (45.59) Multiple PT all above $55
Stock Gapping up +6 I would nibble some short at $50-$51 area room to $53 pop at the open then look to gap fill this back down to $47 and under then bottom curl it then look to go long on it, if this yanks at the open with no pop then gap fill it to $47 and under then go long for the squeeze
6) $LITE Earnings Beat (57.85) Also with $AAOI beat really helped the stock
Stock Gapping up +5 I like to see small pop at the open possibly to $64-$65 then scale in a few short and gap fill it back down to $59 and under bottom curl it then look to go long on it, if this yanks at open to same area would definitely go long on it back to multiple highs
7) $CYBR Earnings Beat Multiple upgrades even JPM with $85 PT (61.77)
Stock Gapping up +6 I would like to see a little more pop at the open prefer thru $70+ then scale in short and gap fill it back down to $63-$64 and under on profit taking, if this yanks at open quick to same area bottom curl it then look to go long on it back slowly back to highs
8) $WB Earnings Beat (83.47)
Stock gapping up +5 I would like to see a little more pop at the open towards $90 spot or a tad more at the open then scale in some short and gap fill this back down 3-4 points to the downside, if this yanks at the open to $85 and under cover bottom curl it then look to go long on it.
9) $SINA Earnings Beat (80.53)
Stock Gapping up +$5 would nibble some short at $85 room to $87 at the open gap fill this back to $82 and under bottom curl then look to go long on it, Higher it pops at the open better the short, if this yanks at open to $82 and under simply cover bottom curl it then walk it back up
10) $SFLY Earnings Beat (83.56)
Stock Gapping up +7 I would nibble a few short here at $90.55 then look for this to pop possibly to $93+ at the open then look for a nice gap fill to $86 and under bottom curl it then look to go long for an all day slow move to the upside this has had a big run into earnings
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Notable Calls:
$IAC Gapping up +10 on $MTCH number (155.96) Earnings after the bell I like to short this at $166.60 room to $170 to add looking for a 5 points gap fill on it, although I think MTCH numbers were impressive until IAC comes out with there’s this 10 POINT move is a little pre-mature
$RGNX Earnings Mixed (70.80) Gapping down -$5 was gapping up +$8 I would nibble a few long at $65 with room to add think this pops thru $70+ at the open then possible fade, if this pulls at open to $60 would definitely be a buyer there and bounce it.
$HOG Citi out with a $53 PT raise from $50 (43.63) Took some long at $43.70 will add on dips looking for a move to $45 on the trade today on this PT increase
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