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Weekly Position Updates / Extreme Trade Updates (8/21/18)

Extreme Trade Updates (8/21/18)

August 21, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90

AMAT currently trades at $44.  Continue to hold.

Canopy Growth (CGC) $29.75 and $29.66

The stock is now at $38.90 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 $29.93 a share.  Hold both trades.

Okta Inc. (OKTA) stock — $51.25 entry

OKTA is now up to $56.40 and remains on hold at this time.  We already exited the calls on this trade for a win.

Adobe Systems (ADBE) — $248.96

After an explosive move higher, the stock has pulled back to $251.92.  Hold the stock.

Raytheon (RTN) — $187.12

RTN is back up to $200.40.  Hold the stock with a near-term price target of $210.

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 $33.93 a share.

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

The stock is now up to $173.25.  Both trades remain on hold at this time.