Extreme Trade Updates (7/23/18)
July 23, 2018The 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.