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Pre Market Game Plan by AJ – 6/2/17

1)  $BOOT  Earnings Miss (7.42)
Stock gapping down -$1.50 Stock getting slammed this morning, I would love to see a quick pop at open on short covering to $6.75-$7.25 then look for topping then all day bleeder on it back to lows, if this pulls hard at opening to $5.50 and under watch for bottom curl then go long

2) $SGYP  Cantor initiated with $11PT (3.63) Normally I would step away on a call like this, but its a beaten down stock
Stock gapping up +.30 I would take a few here at $3.88 add on dips to $3.70 at the open if they come and simply look for a slow all day move to $4.25-$4.75+ on this today. Think some rooms will pick up on this one today and try to make a move on it

3) $ZUMZ  Earnings Miss (14.45)
Stock gapping down -$1.10 I like to see this pull a little more at open to $12 and under before taking a few long and playing the bounce on it, more it pulls better the bounce for us, if this pops at open to $13.95+ scale in SHORT for an all day fader on it

4) $GOOS   Earnings Beat (18.71)
Stock gapping up +$2.10 I like this to do a quick pop at open to $21.50+ then look for a quick snap and sell off to $19.20 and under then look to go LONG for an all day slow move to the upside. If this pulls at open look for the same general area and go LONG

5) $FIVE   Earnings Beat (51.95)
Stock gapping up +$1.50 I like to see this have a small pop at open to $53.50-$54 possibly then look for a nice quick pullback on gap fill to $52 and under then go LONG for an all day slow move back to highs, if this dumps at all at the open scale in under $52 room to $51 and nail a nice bounce. Yesterday after hours it hit $55.92 think their is a chance once it gets going could do again

6) ****$LULU   Earnings Beat (48.67) Beaten down stock should be the big on in play today
Stock gapping up +$8 This should sell off some and gap fill so I would watch for any pop at open to $57+ scale in a few SHORT get a starter on it then look for a nice sell of gap fill to $53 and under then go LONG I do not think this will gap fill because earnings so strong BUT I would be eyeing a nice 3-4pt play on the downside after any initial pop HIGHER it goes better the short for us to lean into

7) *******$RH  Earnings Disaster (52.75)  WOW  I knew this would miss, but really???!
Stock gapping down -$12  I would actually take a few LONG here at $45 with room to $43 bottom it hit yesterday and look for shorts to come in and cover this possibly to $47-$48+ before looking to re-short it. This is down big so expect short to come in strong and start covering. NOW if this pulls hard at open let it hit that $43 spot then we scale in and play the nice 4-5pt bounce on it

8) $GWRE  Earnings Miss (68.24)
Stock gapping down -$2 I like to see small pop at open to $67-$67.50+ area and then look for this to be an all day fader on it back to LOWS if this pulls hard at open to $62-$63 look to scale in a few LONG then bounce it for 3-4pts before scaling in short. Let this one set-up for us, I would prefer small bounced at open then bleed out all day

9) $VMW   Earnings Miss (97.40)
Stock gapping down -$2.40 I like to see more of a sell off at open possibly to $92 and under before bouncing it. If this pops at all at open to $96.50+ area look to scale in SHORT and fade this back down all day  back to $91 and under, higher it pops if it does better the all day fade on it

10) $WDAY  Earnings Miss (101.50)
Stock gapping down -$2.50 I actually would like to see this pop at open to $101-$102 area then watch for topping then look to fade this back to $97-$98 BUT if this dumps at open hard to $97 and under scale in a  few LONG and play a nice 2-3pt bounce on it

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Notable Calls:

$W  Upgrade at Oppenheimer $80PT (66.48) Would look for this to small pop at open then gap fill it back to $66 and under then look to go LONG on it for an all day slow move to the upside. If this pulls hard at open then gap fill it then go LONG

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