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Weekly Position Updates / Extreme Trade Updates (6/12/18)

Extreme Trade Updates (6/12/18)

June 12, 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 $50.58.

Canopy Growth (CGC) — formerly TWMJF — $29.75

Canopy Growth was just added to the NYSE.  The stock is now up to $29.90 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 $35.17.

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 $75.40.

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 $85.25.

WTW stock at $67.66 — exited half

We hold the second half of the WTW stock, which last traded at $91.10.

TWTR stock at $31.67

We exited the TWTR calls on June 6, 2018.  We still hold the TWTR stock, which last traded at $43.30.

JNJ June 15, 2018 125 calls — $4.55

Unfortunately, this trade is not likely to work out, as hoped.  Allow it to expire on Friday.

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

Unfortunately, while the stock did push to $53.15, it wasn’t enough to get these calls off the ground.  Sell to close the calls before Friday expiration.  If you hold, you could be assigned shares.   Be sure to hold the BMY stock recommendation, which shows a return so far.