Extreme Trade Updates (3/5/19)
March 5, 2019Here’s what we continue to hold as of February 26, 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 unfairly lower from $88 to $77. Hold with a near-term price target of $86. It last traded at $79.50.
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 $138.48. Hold all positions.
Amgen (AMGN) stock – $187.15
AMGN March 2019 195 calls – $1.40
AMGN March 2019 200 calls — $0.50
Amgen also looks to refill its bearish gap at $197.50, near-term. Hold. AMGN last traded at $189.78.
Apple Inc. (AAPL) — $168.85
We recommended exiting the AAPL March 2019 170 calls just last week. We now hold just the stock, which now traded at $176.01 a share.
Activision Blizzard Inc. (ATVI) — $46.87
ATVI May 17, 2019 47.50 calls — $3.60
ATVI is our train wreck trade. It went against us so far, but we continue to hold as the stock remains oversold.
NIO Inc. (NIO) — $7.78 — exited half
NIO now sites at $9.84 and remains a hold after a bullish 60 Minutes report on how the company is pushing to become a bigger lifestyle brand in China.
Bank of America (BAC) — $28.85
BAC May 17, 2019 30 calls — $1.20
BAC now trades at $29 and remains on hold with a $35 price target.
Axsome Therapeutics (AXSM) — $8.02
AXSM is now up to $8.40 a share. Hold with a target of $15.
Yelp Inc. (YELP) — $35.88
YELP is now up to $36.74 a share and remains on hold, as well.
Square Inc. (SQ) — $59.55 — exited half
SQ March 15, 2019 80 calls — $4.05
SQ March 15, 2019 85 calls — $2.75
We took big wins on the SQ February 2019 calls and the SQ March 2019 75 calls in recent weeks. While we still hold the stock, we need to exit the remaining SQ March 2019 calls. An earnings-induced pullback destroyed those two opportunities. We’ll jump back in on pullbacks.
First Trust US IPO Index Fund (FPX) — $63.45 — exited half
FPX last traded at $72.44 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 $76.67 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 $8.79.
MedMen Enterprises (MMNFF) — $4.25
We recommended MMNFF at $4.25. After testing $5.72, it has since pulled back to $2.96. Continue holding.
Raytheon (RTN) — $187.12
RTN is now trading at $183.70. 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 $30.45.
Goldcorp Inc. (NYSE:GG) — $10.84
GG now trades at $10.91 and remains a hold with a price target of $15.
OrganiGram Holdings (OTC:OGRMF) — $4.98
As the marijuana story heats up on corporate interest and Canadian legalization, stocks such as OGRMF should continue to push higher. It last traded at $6.82.
Kroger Company (KR) — $29.65
KR is still oversold, now trading at $28.64. It’s a hold at the moment.