Extreme Trade Updates (8/16/18)
August 16, 2018The following trades remain on hold:
Applied Materials (AMAT) stock — $49.90
AMAT currently trades at $47.62. 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 $31.95 after Constellation Brands increased its stake in the marijuana company by $4 billion.
iQIYI Inc. (IQ) stock – $30.85 entry
IQ September 21, 2018 35 calls — $3.50 entry
IQ now sits at $26.69 a share. Hold both trades.
Okta Inc. (OKTA) stock — $51.25 entry
OKTA is now up to $55.11 and remains on hold at this time. We already exited the calls on this trade for a 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 $249.95. Hold the stock, but sell to close the August 2018 255 calls at a loss. Or simply allow it to expire on Friday. This trade should have worked out much better than it did.
Raytheon (RTN) — $187.12
RTN August 17, 2018 200 calls — $3.85
RTN is back up to $198.40. While the stock is recovering from a pullback, the calls are not. Sell to close the calls. Or simply allow the trade to expire on Friday.
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 $33.08 a share.
Facebook (FB) stock– $175.84
FB September 21, 2018 180 calls — $4.80
The stock is now up to $177.05. Both trades remain on hold at this time.