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Weekly Position Updates / Extreme Trade Updates (4/24/18)

Extreme Trade Updates (4/24/18)

April 24, 2018

On 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 $162.06 after pulling back from recent highs.  Earnings are out tomorrow.  So things could get a bit interesting.  Hold the FB stock and the second half of the FB May 165 calls.  We may look to cash out shortly.

Activision Blizzard (ATVI) at $66.25
ATVI May 2018 65 calls at $3.85 (exited half on April 17, 2018)

ATVI is still oversold at $66.57.  We’d like to see a near-term test of $69 a share.  Hold the stock and the second half of the ATVI May 2018 65 calls.

PayPal Holdings (PYPL) at $75.90
PYPL May 2018 75 calls at $4.25 — exited trade for a win

We already exited the PYPL May 2017 75 calls for solid wins.  Let’s continue to hold the underlying stock.  However, if it begins to break below its 50-day moving average, we may look to sell the stock and buy a put option.

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 $41.25 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 $69.80.  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

After a solid run to $33 a share above its 50-day, TWTR is seeing some selling pressure at the moment.  Should the stock break below $29.50, we’ll look to sell.