Extreme Trade Updates (4/19/18)
April 19, 2018On 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 (exited half on April 17, 2018)
Shares of Facebook last traded at $167.30. We may look to exit both trades shortly should the underlying FB stock fail at current prices. Hold.
Activision Blizzard (ATVI) at $66.25
ATVI May 2018 65 calls at $3.85 (exited half on April 17, 2018)
Shares of ATVI are now up to $67.22. We may look to take wins here shortly, as the stock begins to fail just under its 50-day moving average.
PayPal Holdings (PYPL) at $75.90
PYPL May 2018 75 calls at $4.25 (exited half on April 17, 2018)
PYPL is now up to $70.54 a share. Let’s hold the stock. However, let’s exit the second half of the PYPL May 2018 75 calls, which last traded at $6.05. We can always jump back into calls. At the moment, the underlying PYPL stock appears quite overbought and could turn lower, near-term. The last thing we want to do is give back winnings so let’s take the win and move on. Congratulations on this win.
On April 17, 2018, we recommended the following for trade on April 18, 2018:
Buy the TWLO stock, which opened at $41.41
Buy to open TWLO July 20, 2018 42 calls, which opened at $3.80
Shares of TWLO pushed to $41.94 and remain on hold at this point. While the stock is a bit over-extended here, we’re looking for a push through overhead resistance to potentially test $45 a share. Hold.
Buy the WTW stock, which opened at $67.66
Buy to open the WTW July 20, 2018 70 calls, which opened at $6.50
WTW is also pushing higher, last trading at $69.35. We have a near-term price target of $70. Sit tight.
Buy the TWTR stock, which opened at $31.67
Buy to open TWTR June 15, 2018 32 calls, which opened at $2.93
TWTR is beginning to break above its 50-day to the upside. We’d like to see a potential test of a March 2018 high above $36.