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Weekly Position Updates / Extreme Trade Updates (6/27/18)

Extreme Trade Updates (6/27/18)

June 27, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90
AMAT July 20, 2018 50 calls — $2.50 — exited half

We already exited half of the AMAT July 20, 2018 50 calls. We still hold the second half and the stock, which last traded at $46.67 a share.

Canopy Growth (CGC) — formerly TWMJF — $29.75

Canopy Growth was just added to the NYSE.  The stock is now up to $30.95 and remains on hold.

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

We still hold the second half of the ATVI, which is now up to $75.27. We also still hold the second half of the ATVI August 2018 77.50 calls, which last traded at $2.90.

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 $82.32 a share.

WTW stock at $67.66 — exited half

We hold the second half of the WTW stock, which last traded at $101.76.  Believing that WTW could rally even higher, we’re also recommending that you buy to open the WTW August 17, 2018 105 calls, which last traded at $7.10.

TWTR stock at $31.67 — exiting half

We exited half of the TWTR stock for win.  Hold the second half, which now trades at $44.85.

Bristol Myers Squibb (BMY) stock — $51.25

We still hold the BMY stock, which last traded at $54.91.

Square Inc. (SQ) stock — $63.90
SQ August 17, 2018 65 calls — $4.45
SQ August 17, 2018 70 calls — $2.75

All remain on hold at this point.  The stock last traded at $62.55.

Roku Inc. (ROKU) stock — $43.50
ROKU August 17, 2018 44 calls — $5.40

ROKU is still one of the hottest stocks on the market at the moment.  We’d like to see a bearish gap refill at $50, near-term.  It last traded at $44.

Canopy Growth (CGC) stock — $29.66

CGC is one of the hottest stocks in this sector.  We’d like to see a test of $40, near-term.  It last traded at $30.95.