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Weekly Position Updates / Extreme Trade Updates (6/15/18)

Extreme Trade Updates (6/15/18)

June 15, 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 $49.10.

Canopy Growth (CGC) — formerly TWMJF — $29.75

Canopy Growth was just added to the NYSE.  The stock is now up to $29.70 and remains on hold.

Campbell Soup Company (CPB) stock — $34.20
CPB August 17, 2018 34 calls — $1.80 — exiting half

We still hold the calls and the stock, which last traded at $36,40.  The calls now trade at $3.30,  Consider selling to close half.

Activision Blizzard (ATVI) at $66.25
ATVI August 17, 2018 77.50 calls — $2.36

ATVI is now up to $76.77.  Sell half here.  The ATVI August 2018 77.50 calls are now up to $4.05.  Sell to close half of the calls.

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 $84.35.

WTW stock at $67.66 — exited half

We hold the second half of the WTW stock, which last traded at $93.75.

TWTR stock at $31.67 — exiting half

Let’s sell half of the TWTR stock, which last traded at $47.

JNJ June 15, 2018 125 calls — $4.55

Unfortunately, this trade is not likely to work out, as hoped.  Allow the trade to expire.

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

While BMY did what we thought it would do, running to $54.06, we need to close out the BJY June 2018 52.50 calls today for a slight loss.