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Weekly Position Updates / Extreme Trade Updates (8/6/18)

Extreme Trade Updates (8/6/18)

August 6, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90

AMAT currently trades at $49.50.  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 $26.40 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 $92.21.  Hold both positions.

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 $47.85.  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 $29.11 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 $55.40 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 $254.11.  Hold both trades.

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

RTN is back up to $196.16.  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 $33 a share.

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

Facebook exploded nearly $8 a share today.  We want to see FB refill its bearish gap.  Hold.