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Weekly Position Updates / Extreme Trade Updates (8/13/18)

Extreme Trade Updates (8/13/18)

August 13, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90

AMAT currently trades at $48.13.  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 $28.25 and remains on hold.

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

WTW pulled back after earnings the other day.  It lat traded at $75.12.  Sell it.  The calls won’t work out after the pullback.  Either allow them to expire, or sell to close immediately.

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 $58.05.  Sell the stock to secure the win.  The ROKU August 2018 44 calls are now up to $15.05.  Sell to close.

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

IQ now sits at $29.40 a share.  Hold both trades.

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

OKTA is now up to $56.11 and remains on hold at this time. The calls last traded at $6.61.  Sell to close the calls to secure the win.

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

After an explosive move higher, the stock has pulled back to $253.70.  Hold both trades.

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

RTN is back up to $196.35.  Hold both positions.

Twitter (TWTR) — $32.68
TWTR September 21, 2018 33 calls — $1.85

TWTR is just beginning to rebound and pivot higher.  It now trades at $32.01 a share.

Facebook (FB) stock– $175.84
FB September 21, 2018 180 calls — $4.80

The stock is now up to $180.26.  Both trades remain on hold at this time.