Extreme Trade Updates (5/10/18)
May 10, 2018The following trades remain on hold:
Activision Blizzard (ATVI) at $66.25
We recently took a win on the ATVI calls and still hold the ATVI stock, which last traded at $71.31. Continue holding the stock. We may look to pick up more calls shortly.
PayPal Holdings (PYPL) at $75.90
We already exited the PYPL May 2017 75 calls for solid wins. Let’s continue to hold the underlying stock, which last traded at $77.01,
TWLO stock, which opened at $41.41 — exiting half
TWLO July 20, 2018 42 calls, which opened at $3.80 — exiting half
TWLO exploded on Wednesday by $8.06 a share after crushing its own first quarter earnings targets. Let’s exit half of the TWLO stock, which last traded at $52.41. Let’s also exit just half of the TWLO July 20, 2018 42 calls, which last traded at $11.40.
WTW stock, which opened at $67.66
WTW July 20, 2018 70 calls, which opened at $6.50 — exited half
WTW is also pushing higher, last trading at $68.87. We have a near-term price target of $75. Sit tight.
TWTR stock, which opened at $31.67
TWTR June 15, 2018 32 calls, which opened at $2.93
The TWTR stock last traded at $32.60 and remains a long-term hold at this point from oversold conditions.
AMGN June 15, 2018 175 calls — $5.70
AMGN took a hit, falling to $169.64. It’s still aggressively oversold at this point. Hold with a price target of $177.
JNJ June 15, 2018 125 calls — $4.55
JNJ is also still aggressively oversold at this point. We’re holding with a target price of $129. It last traded at $123.51.
Bristol Myers Squibb (BMY) stock — $51.25
BMY May 18, 2018 52 calls – 85 cents
BMY June 15, 2018 52.50 calls – $1.80
So far, so good with BMY. After a nasty sell off from $65 to less than $52, the stock is finally beginning to rebound from its lows. We have a near-term price target of $55. We’re also looking for a bearish gap refill at $65, longer-term.