Extreme Trade Updates (8/21/18)
August 21, 2018The 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.