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Weekly Position Updates / Extreme Trade Updates (4/10/18)

Extreme Trade Updates (4/10/18)

April 11, 2018

On the morning of April 10, 2018, we recommended three trades ideas, each of which is already beginning to move.

Facebook (FB) stock at $158.50
Facebook May 2018 165 calls at $5.25

No one paid much attention to the stock in the early hours of April 10, 2018.  But with fear full baked in, as we noted, with technical over-extensions, FB was a solid buying opportunity.  By afternoon, as the company CEO sat in front of Congress, the stock began to explode higher by $7.11 a share.

That sent the stock to $165.04, and pushed our calls above $8.  Hold both.

Activision Blizzard (ATVI) at $66.25
ATVI May 2018 65 calls

The stock is still greatly oversold at bottom of trend.  We have a near-term price target of $70 on the underlying stock.  Hold.

PayPal Holdings (PYPL) at $75.90
PYPL May 2018 75 calls

PYPL is also still oversold but is showing signs of pushing higher.  It last traded at $76.80 and remains a long-term hold.  We have a price target of $80, near-term.