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Weekly Position Updates / Extreme Trade Updates (7/19/18)

Extreme Trade Updates (7/19/18)

July 19, 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 need to allow the second half of the calls expire on Friday.  They’re not going to work out unfortunately.  However,  we do want to continue holding the AMAT stock.

Canopy Growth (CGC) — formerly TWMJF — $29.75
We would reiterate a buy at $29.66, as well

The stock is now at $26.46 and remains on hold.

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

We continue to hold the second half of the ATVI stock, as it trades at $80.66 a share.  Hold the stock.  The ATVI August 2018 77.50 calls now trade at $4.80.  Hold.

PayPal Holdings (PYPL) at $75.90

The stock last traded at $87.52.  Hold.

WTW stock at $67.66 — exited half
WTW August 17 2018 105 calls at $7.10

We hold the second half of the WTW stock, which last traded at $91.92.  Hold both positions.

TWTR stock at $31.67 — exited half

We exited half of the TWTR stock for win.  Hold the second half, which now trades at $43.60.

Bristol Myers Squibb (BMY) stock — $51.25
BMY September 21, 2018 57.50 calls — $2.04

We still hold the BMY stock, which last traded at $56.24.  We also now hold the BMY September 2018 calls.

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

SQ last traded at $70.77.  Hold.  The SQ August 2018 65 calls are now up to $7.30.  Hold.  The August 2018 70 calls are now up to $4.20.  Hold.

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.  It last traded at $50.10.  The ROKU August 2018 44 calls are now up to $7.75.  Hold.

iQIYI Inc. (IQ) stock – $30.85 entry
IQ September 21, 2018 35 calls — $3.50 entry 

IQ now sits at $34.92 a share.  Hold.  The calls are now up to $4.50.  Hold.

Okta Inc. (OKTA) stock — $51.25 entry
OKTA August 17, 2018 50 calls — $4.30 entry

OKTA is now up to $55.90 and remains on hold at this time.  The calls are now up to $6.80.  Hold.

Adobe Systems (ADBE) — $248.96
ADBE August 17, 2018 255 calls — $5.03

Shares of ADBE are now up to $256.90.  The calls are up to $8.  Hold.

Raytheon (RTN) — $187.12
RTN August 17, 2018 200 calls — $3.85

RTN is now up to $201.22.  Hold.  The calls are up to $5.70.  Hold.

Congratulations on all wins so far.  We’re looking to take even more wins shortly.