Zillow Group (Z) closed up $2.26 just yesterday, handing us respectable wins so far.
On August 2, 2017, we recommended buying the stock – which traded at $44.75 – and the Z November 2017 45 calls – which traded at $3.60 at the time.
At the moment, the stock is up to $47. The call option is up to $5.20, (44%), as of Monday’s close. As we head into earnings, and if you’re happy with current gains in just days, consider exiting just half of each trade.
As for new trade ideas, take a look at Advanced Micro Devices (AMD).
After pulling back from $15.50, it recently caught strong support at $13.03 just above its 50-day moving average. What we’d like to see here is a potential move back to $15 a share, near-term. It’s also holding its trend line first established in mind-June 2017. Until that begins to fall apart, AMD could reach higher highs.
There are two ways to trade this opportunity.
As with all trades, we just ask that you not risk the house, or more than you can afford to lose on any trading opportunity. Have stop losses and know your personal risk tolerance levels.
There are two ways to trade AMD here.
One, we can buy the stock at current market prices. Or, if you’re interested in trading options, we like the AMD September 2017 13 calls at market prices.
Randgold Resources (GOLD) September 2017 95 put
Randgold Resources (GOLD) September 2017 92.50 put
DB Gold Double Short ETN (DZZ)
We recommended these three trades just yesterday.
At the time, the DZZ recommendation traded at $5.75. It’s flat at the moment, but it’s beginning to reverse well off oversold levels after finding support at $5.60.
The GOLD September 90 put traded at $1.60. It’s now flat as well. The September 92.50 put traded at $2.40 and is also flat.
All three positions remain on hold.
FireEye (FEYE) stock
FEYE December 2017 14 calls
FEYE December 2017 15 calls
After recommending these trades on August 3, 2017, the stock has pulled back slightly but appears to have caught oversold support at $14. We still have a near-term target price on the stock. What we like most about FEYE is that it’s one of the hottest “go to” cyber security stocks on the market.