Extreme Trade Updates (5/7/18)
May 7, 2018The following trades remain on hold:
Activision Blizzard (ATVI) at $66.25
ATVI May 2018 65 calls at $3.85 (exited half on April 17, 2018)
As ATVI pushes higher, we’re recommending that you hold the ATVI stock. However, it’s time to exit the ATVI May 65 calls, which last traded at $5.35. With options expiration nearing, let’s take the win here and move on. Again, just hold 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 $74.67.
TWLO stock, which opened at $41.41
TWLO July 20, 2018 42 calls, which opened at $3.80
Shares of TWLO pushed to $44.10 and remain on hold at this point. We’re also showing a respectable win on the TWLO July 2018 42 calls, which last traded at $5.30. Hold both.
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 $70. 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
So far, TWTR has been a disappointment, last trading at $31.34. However, we do anticipate higher highs from this point after the stock caught support at $29 a share. Hold.
AMGN June 15, 2018 175 calls — $5.70
AMGN took a hit, falling to $168.07 a share. 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.
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.