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Weekly Position Updates / Extreme Trade Updates (8/2/18) — Taking Wins

Extreme Trade Updates (8/2/18) — Taking Wins

August 2, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90

AMAT currently trades at $48.10.  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 $26.32 and remains on hold.

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 $90.76.  Hold both positions.

Bristol Myers Squibb (BMY) stock — $51.25
BMY September 21, 2018 57.50 calls — $2.04

BMY last traded at $59.45.  Sell the stock here to secure the win.  The BMY September 2018 57.50 calls are now up to $3.  Take the win.

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

SQ is now up to $72.50.  Take the win on the stock.  The SQ August 2018 65 calls are up to $8.  Take the win.  The SQ August 2018 70 calls are up to $3.92.  Take the win on this one, too.  Congratulations.

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 $46.26.  Hold the stock and the calls.

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

IQ now sits at $30 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 $54.57 and remains on hold at this time.

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

After an explosive move higher, the stock has pulled back to $251.70.  Hold both trades.

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

RTN is back up to $197.35.  Hold both positions.

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