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Weekly Position Updates / Extreme Trade Updates (6/11/18)

Extreme Trade Updates (6/11/18)

June 11, 2018

The 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.