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Pre Market Game Plan by AJ – 9/15/17

1) $MRTX positive results clinical trials small cell lung cancer (4.75)
Stock Gaping up +$4 this should have a nice run into it today, Looking for a move to $10 in Pre-Market and at open then look for some pullback on it then bottom curl with volume spike and we run it rest of day, should pop and run for first 2-3 hours before grinding out and being held up for potential offering by either today or by Tuesday

2) $OCLR Strong BUY Raymond James Puts $12PT (8.77) should see $10+ today on this call
Stock Gaping up +.23 would take some long at $8.95 area room to add on the dip at the open then look for a nice slow all day move to the upside on it. Should be fun, reminds me of $ALDX so watch for NEW money to make move on this and push it up with volume

3) $FSLR Deutsche Bank issues a HUGE upgrade to BUY with a $65PT from $50 (48.43)
Stock gaping up +$1.65 I would scale in a few SHORT here at $50 with room to add at the open then look for this to gap fill and pullback to the $48 area or under then watch for bottom curl then look to go long on it for all day slow move to the upside

4) $ORCL Earnings Miss (52.79)
Stock gaping down -$2 2 ways to play this, this pulls hard at open below $50 then go LONG on it and play an aggressive 1-1.5pt bounce on it before re-shorting, or this pops at open and gap fills to $52 area or under then scale in SHORT for all day fader.

5) $NVDA Evercore Tags a $250PT from $180 (169.40)
Stock gaping up +$3 I like to see this pop a little more at the open would actually scale in SHORT here at $173.25 room to $175 at the open then look for a nice 2-2.5pt pullback gap fill then go long for slow all day move towards $175-$176 on the call. This is a big call with a nice range PT BUT….its Evercore Tier 2 firm

6) $ICPT RBC Capital issues a $244 PT and says to BUY on the weakness (87.41)
Stock gaping up +$4 I like the call BUT its up already so wait for the poo at open possibly to $93.50-$94 spot then scale in SHORT gap fill it back to $89 and under then nibble long and look for a nice all day slow move to the upside this call should let it run all the way back towards 97-$100 spot imo

7) $LUV JPMorgan Tags an Overweight on this with $66PT from $60 (54.35)
Stock gaping up +$.65 I actually would take a few here at $55 with room to add on ANY pullback at the open then look for a nice slow all day move towards $57_$58 on this calls. Should be fun

8) $SAVE JPM Morgan Downgrades the stock with $37 from $45PT (34.83)
Stock gaping down -$1.10 2 ways to play this, look for a pull at open to $32 spot then go long and play a nice 1-2pt bounce then re-short it, if this pops at all at open on gap fill back to $34.20 area or more SHORT it for an all day fader

9) $AAL JPMorgan Downgrades the stock with $53 from $61 (46.19)
Stock gaping down -$1 would look for small pop at open to $45.70+ area then lean into it short for an all day fader on it, if this yanks at open to $44 and under go LONG and play a nice 1-1.5pt bounce on it before re-shorting it

10) $UAL JPMorgan Dwongrades the stock with $68 from $84 …This is BIG (61.25)
Stock Gaping down -$2 I like to see a nice pop at open and gap fill some of this back to $60.50++ then look for an all day fader on it, if this pulls hard at open to $58 and under look for a nice 1-1.5pt bounce on it. should be fun with range

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Notable Calls:

$TTOO Offering at $4 down -20% HUGE (6.08) I would actually take some here LONG at $4.05 spot room to add on any pull to $3.80 if it comes and look to BUY and hold this, I think this can rebound back to $5 possible today

 

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