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Weekly Position Updates / Extreme Trade Updates (7/16/18)

Extreme Trade Updates (7/16/18)

July 16, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90
AMAT July 20, 2018 50 calls — $2.50 — exited half

We already exited half of the AMAT July 20, 2018 50 calls. We still hold the second half and the stock, which last traded at $46.35 a share.

Canopy Growth (CGC) — formerly TWMJF — $29.75
We would reiterate a buy at $29.66, as well

The stock is now up to $27.50 and remains on hold.

Activision Blizzard (ATVI) at $66.25 — exited half
ATVI August 17, 2018 77.50 calls — $2.36 — exited half

We continue to hold the second half of the ATVI stock, as it trades at $80.77 a share.  Hold the stock.  The ATVI August 2018 77.50 calls now trade at $5.20.  Hold.

PayPal Holdings (PYPL) at $75.90

The stock last traded at $87.79.  Hold.

WTW stock at $67.66 — exited half
WTW August 17 2018 105 calls at $7.10

We hold the second half of the WTW stock, which last traded at $90.54.  Believing that WTW could rally even higher, we had also recommended that you buy to open the WTW August 17, 2018 105 calls, which traded at $7.10 on July 27, 2018.

TWTR stock at $31.67 — exiting half

We exited half of the TWTR stock for win.  Hold the second half, which now trades at $44.40.

Bristol Myers Squibb (BMY) stock — $51.25
BMY September 21, 2018 57.50 calls — $2.04

We still hold the BMY stock, which last traded at $56.48.  We also now hold the BMY September 2018 calls.

Square Inc. (SQ) stock — $63.90
SQ August 17, 2018 65 calls — $4.45
SQ August 17, 2018 70 calls — $2.75

SQ last traded at $67.65.  Hold.  The SQ August 2018 65 calls are now up to $5.45.  Hold.  The August 2018 70 calls are now up to $2.90.  Hold.

Roku Inc. (ROKU) stock — $43.50
ROKU August 17, 2018 44 calls — $5.40

ROKU is still one of the hottest stocks on the market at the moment.  We’d like to see a bearish gap refill at $50, near-term.  It last traded at $47.56.  The ROKU August 2018 44 calls are now up to $6.60.  Hold.

iQIYI Inc. (IQ) stock – $30.85 entry
IQ September 21, 2018 35 calls — $3.50 entry 

IQ now sits at $36.20 a share.  Hold.  The calls are now up to $5.35.  Hold.

Okta Inc. (OKTA) stock — $51.25 entry
OKTA August 17, 2018 50 calls — $4.30 entry

OKTA is now up to $53.21 and remains on hold at this time.

Adobe Systems (ADBE) — $248.96
ADBE August 17, 2018 255 calls — $5.03

Shares of ADBE are now up to $255.60.  The calls are up to $7.50.

Raytheon (RTN) — $187.12
RTN August 17, 2018 200 calls — $3.85

RTN is now up to $200.75.  Hold.  The calls are up to $5.70.  Hold.

Congratulations on all wins so far.  We’re looking to take even more wins shortly.