Extreme Trade Updates (6/27/18)
June 27, 2018The 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.