Extreme Trade Updates (6/11/18)
June 11, 2018The following trades remain on hold:
Applied Materials (AMAT) stock — $49.90
AMAT July 20, 2018 50 calls — $2.50 — exited half
Just last week, we exited half of the AMAT July 20, 2018 50 calls. We still hold the second half and the stock, which last traded at $51.15.
Canopy Growth (CGC) — formerly TWMJF — $29.75
Canopy Growth was just added to the NYSE. The stock is now up to $30.56 and remains on hold.
Campbell Soup Company (CPB) stock — $34.20
CPB August 17, 2018 34 calls — $1.80
We still hold the calls and the stock, which last traded at $34.05.
Activision Blizzard (ATVI) at $66.25
ATVI August 17, 2018 77.50 calls — $2.36
We added the ATVI August 2018 calls on June 6, 2018. They remain on hold with the stock, which last traded at $74.29.
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 $84.45.
WTW stock at $67.66 — exited half
We hold the second half of the WTW stock, which last traded at $85.35..
TWTR stock at $31.67
We exited the TWTR calls on June 6, 2018. We still hold the TWTR stock, which last traded at $41.30.
AMGN June 15, 2018 175 calls — $5.70 — exiting today
We exited the AMGN June 15, 2018 175 calls on June 6, 2018, as they ran from $5.70 to $9.55. We then recommended buying the AMGN August 17, 2018 190 calls at $4.10. These remain on hold with the AMGN stock now sitting at $184.30 a share.
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 $124.06.
Bristol Myers Squibb (BMY) stock — $51.25
BMY June 15, 2018 52.50 calls – $1.80
BMY last traded at $53.16. Hold the stock and the calls at this time. We’ll look to close the calls prior to expiration this week.