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Weekly Position Updates / Extreme Trade Updates (5/22/18)

Extreme Trade Updates (5/22/18)

May 23, 2018

The 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 $71.35.  Continue holding the stock.

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 $80.62.

WTW stock at $67.66 — exited half

We still hold the second half of the WTW stock, which last traded at $79.90.  We exited the first half last week, along with the WTW July 2018 70 calls.

TWTR stock at $31.67
TWTR June 15, 2018 32 calls at $2.93

The TWTR stock last traded at $32.86 and remains a long-term hold at this point from oversold conditions.

AMGN June 15, 2018 175 calls — $5.70

AMGN now trades at $178.36 a share.  We have a price target of $180 on the stock.  The calls last traded at $6.  Hold.

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 $122.91.

Bristol Myers Squibb (BMY) stock — $51.25
BMY June 15, 2018 52.50 calls – $1.80

BMY last traded at $52.34.  Hold the stock and the calls at this time.