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Weekly Position Updates / Extreme Trade Updates (3/25/19) — Taking a 100% Win on Half of AXSM

Extreme Trade Updates (3/25/19) — Taking a 100% Win on Half of AXSM

March 25, 2019

Here’s what we continue to hold as of March 25, 2019:

AbbVie Inc. (ABBV) stock — $80.26
ABBV April 2019 80 call — $3.35
ABBV April 2019 82.50 call — $2.15

ABBV is just beginning to push higher after gapping lower.  Hold with a near-term price target of $86.  It last traded at $79.39.  We have a near-term price target of $85.

Johnson & Johnson (JNJ) stock – $135.05
JNJ April 2019 135 calls — $3.80
JNJ April 2019 140 calls — $1.60

JNJ is pushing higher, last trading at $136.45.  Hold all positions.

Amgen (AMGN) stock – $187.15

Amgen also looks to refill its bearish gap at $197.50, near-term.  Hold.  AMGN last traded at $186.58.

Apple Inc. (AAPL) — $168.85

We recommended exiting the AAPL March 2019 170 calls just the other week.  We now hold just the stock, which now traded at $186.92 a share.

Activision Blizzard Inc. (ATVI) — $46.87
ATVI May 17, 2019 47.50 calls — $3.60

ATVI is flying back nicely, last trading at $46.88.  Hold both positions.

NIO Inc. (NIO) — $7.78 — exited half

NIO started out very well for us, and then slipped to $5.34.  Hold.

Bank of America (BAC) — $28.85
BAC May 17, 2019 30 calls — $1.20

BAC now trades at $26.82 and remains on hold with a $35 price target.

Axsome Therapeutics (AXSM) — $8.02 — exit half of position today.

AXSM is now up to $16.04 a share.  The trade is up 100% to date.  Take half off the table.  Hold second half.

Yelp Inc. (YELP) — $35.88

YELP is now up to $34.81 a share and remains on hold, as well.

Square Inc. (SQ) — $59.55 — exit second half of trade

Square currently trades at $74.70.  Let’s take the win today.  Congratulations.

First Trust US IPO Index Fund (FPX) — $63.45 — exited half

FPX last traded at $73.95 and remains a long-term hold, as we near some of the year’s most anticipated IPOs, including Lyft.

Target (TGT) — $68.50

Shares of TGT now trade a $78.46 after beating on Q4 earnings and same-store sales.  Hold.

Viking Therapeutics (VKTX) — $11.65

This stock was recommended on November 12, 2018 and remains a long-term hold.  It last traded at $8.18.

MedMen Enterprises (MMNFF) — $4.25

We recommended MMNFF at $4.25.  It now trades at $3.33 and remains a long-term hold.

Raytheon (RTN) — $187.12

RTN is now trading at $180.55.  Hold the stock with a price target of $210.

Twitter (TWTR) — $32.68

Hold the stock.  It’s aggressively oversold at a current price of $32.51.

Goldcorp Inc. (NYSE:GG) — $10.84

GG now trades at $11.15 and remains a hold with a price target of $15.

OrganiGram Holdings (OTC:OGRMF) — $4.98 — exit half of trade today

OGRMF now trades at $6.76.  Secure a win by selling half.  Hold second half a bit longer on cannabis boom story.

Kroger Company (KR) — $29.65

KR is still oversold, now trading at $24.18.  It’s a hold at the moment.