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Pre Market Game Plan by AJ – 1/23/18

1) $CNET New Joint venture to “RESEARCH Block Chain Technology (3.74)
Stock Gaping up +$.80 I would like to see sheep chase this at open possibly thru $5-$5.50 and then watch the pullback on lower lows and then imo the stock should sell off most of the day back to gap fill, if this pops and flags we can play a little just don’t marry the stock think in the end this will just fill the gap back down.

2) $CRSP SunTrust ups PT from $17 to $45PT (33.75) Blindfold Trade imo
Stock Gaping up +$2.90 I would look to SHORT this gap up for a quick 1-2 points and fill the gap would take some short at $36.35 area room to $37+ at the open then look for this to pull down nice hard (NOTE stock has been up for the last 3 days in anticipation on this upgrade so look for the profit takers to come in and take it down)

3) $EDIT SunTrust ups PT from $16 to $45PT (34.62) FYI EDIT always fills there gaps
Stock Gaping up +2.00 I would look to lean into this SHORT at $36.40 area room to $37 at the open and look to gap fill this back to $35 and under if this pulls hard at the open would cover for .50-$1.00 or more cash out and let it bottom out before going long on it.

4) $SGMO continuation from yesterday (19.40)
Stock Gaping up $1.20 I like to see small pop at open then look to gap fill this back to $19.50 and under then look for bottom curl then look to go long and send this back to $21 or more like it hit in Pre-Market

5) $ROKU Overnight Call LONG (43.62)
Stock Gaping up +2.00 would scale in SHORT here at $45.65 with room to add at the open towards $47 then look for a nice gap fill sell off back to $43.75-$44 and under ROKU tends to sell there gaps before legging up so expect a nice small pop and fade on it.

6) $FSLR News on Tariffs positive for Solars across the board (68.96)
Stock Gaping up +$3.00 FSLR tends to fill there gaps on news so would consider taking some short at $72 area room to add at the open then look for this to dump and sell off and gap fill back to $69.50-$70 and under then bottom curl then look to go long on it should be fun once the gap is filled.

7) $LOGI Earnings Beat (37.58)
Stock Gaping up +$2.60 I would like to see a little more push at the open I’m thinking this may run to $40.50-$41+ then watch for topping and look for this to gap fill pullback to $38.50 and under on gap fill profit taking pullback should be fun imo

8) $OSTK Gaping up this stock this morning so to me its in play (77.40)
Stock Gaping up +$1.30 I like to scale in some short here (nibble) at $78.50 room to $80 then look for a nice gap fill pullback to $77 and under then look to go long on bottom curl, whenever OSTK gaps up it normally and usually pulls hard at the open before le3gging up so watch how it sets up.

9) $EDU Earnings Miss (98.94)
Stock Gaping down -$.50 would short the $98 spot, I read the report its mixed and since we have no analyst this morning backing this up or upgrade imo this should just fall back to $92.50-$93 and under today. So watch for the small pop and sell off back to Pre-Market lows to $93 and under

10) $NFLX HUGE Earnings Beat told you all on 1/22 to BUY 250 Calls and they do well (227.58)
Stock Gaping up +$28 POINTS would lean into this SHORT at $255 area room to $257-$260 at the open YOU must use wide range on this stock this should sell off on profit taking back down to $240 and under imo, but before it does watch the quick short squeeze at the open, if this yanks right at open it should come down hard imo

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Notable Calls:

$ADMS Gaping down -$2 points on #Offering would consider going long at $38.25 area think we get it right back to $40+ Should be fun gap filling it back up for +$2-$2.5 points or more.

 

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