Extreme Trade Updates (6/19/18)
June 20, 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 $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.