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Weekly Position Updates / Extreme Trade Updates (7/23/18)

Extreme Trade Updates (7/23/18)

July 23, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90

AMAT currently trades at $46.20.  Continue to hold.

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

The stock is now at $26 and remains on hold.

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

ATVI is overbought and is beginning to pivot lower from an $81 high.  As it trades at $79.61, let’s sell the stock here along with the ATVI August 17, 2018 77.50 calls, which last traded at $4.

PayPal Holdings (PYPL) at $75.90

The stock last traded at $87.20.  Let’s sell the stock here.  It’s beginning to pivot lower from overbought conditions.  We can always look to buy back in on pullbacks.

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.  Let’s sell the second half of the stock here, which last traded at $43.25.

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 $55.82.  We also now hold the BMY September 2018 calls.

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

Shares of SQ are now up to $71.60.  Hold the stock.  The SQ August 2018 65 calls are now up to $8.20.  Sell to close half.  The SQ August 2018 70 calls are up to $4.95.  Sell to close half of the trade as well.

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 $50.38.  Hold the stock. The ROKU August 2018 44 calls are now up to $7.60.  Hold.

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

IQ now sits at $32.65 a share.  Hold both trades.

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

OKTA is now up to $56.65 and remains on hold at this time.  The calls are now up to $7.  Sell to close half of the calls.

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

Shares of ADBE are now up to $260.06.  Hold both trades.

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

RTN is now up to $200.20.  Hold both trades.

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