March 3 Tuesday Morning Notes

Pre-mkt movers:
Gainers:
BBY: +1.5%, 500k

Decliners:
MNKD: -9.3%, 711k
SLW: -4.25%, 120k
F: -3.5%, 522k
MU: -2.5%, 95k
BABA: -1.3%, 305k

Earnings names: ARNA, BBY, CZR, JD, KATE, MBI, MCP, PANW

BBY: is out with earnings and is trading up 2% at 39.52. The company issued an earnings warning back in January which sent the stock down 15% from 39.91 to 34.30. The company announced a stock buyback, a dividend increase and a special dividend.
MKT cap: $13.5b
Effective mkt cap: $11.6b
Short interest: 8.25%, near 52k lows
52wk hi/lo: 40.03/23.87
Pre-mkt bid/ask spread: .10
Pre-mkt volume/ratio: 400k/.0648
Pre-mkt price action: Hit a new 52wk high at 40.50 then dropped after conference call started. currently at 39.25.
Technicals of note:
Avg/max/min/last Gap moves: 6.19avg/13.24/-13.02/6.98
Post earnings moves: avg/max/min

BBY

5.37

8.80

2.49

Predicted 3% OTM Strangle cost: $1 OTM, .62 at 50% IV

JD: Is out with earnings and is trading slightly higher this AM at 29.80 vs a close price of 28.15.
MKT cap: $39b
Effective mkt cap: $38.2b
Short interest: 1.56%, Lowest level since May 2014
52wk hi/lo: 33.10/19.94
Pre-mkt bid/ask spread: .15
Pre-mkt volume/ratio: 311k/.042
Pre-mkt price action: Initially dropped to 27.80 then spiked to 29, currently trading at 29.50 after bouncing off 28.60.
Technicals of note:
Avg/max/min/last Gap moves: 4.47avg/-1.4/-7.54/-7.54
Post earnings moves: 

JD

8.87

10.73

7.01

Predicted 3% OTM strangle cost: .50 OTM, .65 at 50% IV