Extreme Trade Updates (8/13/18)
August 13, 2018The 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.