Let’s take another win off the table.
Shares of Vanda Pharmaceuticals (VNDA) ran up beautifully, as hoped. We are now up about 9% on the stock. Take the gain here. The October 16 calls are now up 44% from our $1.70 entry, as well. Sell to close this trade.
We can always buy back in at a later time on pullbacks.
Lowes Companies (LOW) is also getting a bit toppy here. Let’s exit the stock for gains of up to 3% (not much, but still a good win in just days), as well as the LOW October 75 calls for a win of up to 63%. Once the latest hurricane passes by, we’ll look to trade the short side of stocks like LOW, HD and GNRC. All ran up with a storm premium.
We’re also looking at a current gain of 48% on the KR January 22.50 calls. Exit half. Hold the stock as well as the second half of the calls for a bit longer.
Even FEYE is starting to turn higher, running up more than $1 yesterday. Hold.
Stay tuned for more trades soon. And if you’re in the path of Irma, please be safe. We wish you all the very best in a very bad situation. Be well. All my best to you and your family...
Carnival (CCL) -- $66.50
Carnival October 2017 67.50 calls -- $1.50
We picked these up just yesterday. Each remains on hold.
Cirrus Logic (CRUS) - $57.60 entry
CRUS October 2017 60 calls – $1.60 entry
On August 31, 2017, we opened this trade. Hold. The stock is currently trading at $57.90.
Expedia (EXPE) October 2017 145 calls - $4.50 entry
On August 30, 2017, we recommended this trade. We’re exiting half today. Be sure to hold the second half for a bit longer.
KR stock - $21.55 entry
KR January 2018 22.50 calls - $1.35 entry (exiting half today)
We just opened this trade on Monday, August 28, 2017. It remains a hold on oversold conditions at $22.43 a share.
NKE stock -- $53.50 entry
NKE October 2017 55 calls -- $1.35 entry
We issued a new trade on Nike (NKE) and on the NKE October 55 call. Since the trade was opened, the stock has been steadily moving higher.
TrueCar (TRUE) stock -- $16.75 entry
TrueCar October 2017 16 calls -- $1.50 entry
TrueCar January 2018 16 calls -- $2.35 entry
On August 15, we recommended buying TRUE, as well as the October 16 calls and January 16 calls. Shortly after recommendation, the stock began to tick higher from oversold conditions. It currently trades at $16.96.
VIX October 2017 15 put - $2.50 entry
VIX October 2017 14 put -- $1.75 entry
Pro Shares Short VIX Short-Term Futures ETF (SVXY) -- $78.40 entry
Velocity Shares Daily Inverse VIX Medium-Term ETN (ZIV) - $71.35 entry
Each remains on hold, despite recent new volatility with the Hurricane and threats of potential war with North Korea. At the moment, our puts are in the money, as the VIX trades at just $12.20.
Zillow Group (Z) -- $44.75 entry, exited half for win
Zillow Group (Z) November 2017 45 calls- $3.60 entry, exited half for win
While the stock continues to break lower, we continue to hold. We already exited half of the stock and the November 45 calls in early August 2017. We currently hold the second half of each position.
Advanced Micro Devices (AMD) -- $13.30 entry
Advanced Micro Devices (AMD) September 2017 13 calls – $1 entry
AMD is beginning to recover nicely. We see no reason to exit this trade. We have a target of $14, near-term.
FireEye (FEYE) stock -- $14.65 entry
FEYE December 2017 14 calls -- $1.70
FEYE December 2017 15 calls -- $1.35
FEYE now trades at $14.50. We’d like to see a breakout with a potential test of $15, near-term. Hold. The stock is just beginning to pivot from oversold conditions.
- Exited half of Zillow Group (Z) for 8% gain on August 8, 2017
- Exited half of Zillow Group (Z) November 45 calls for 44% gain on Aug 8, 2017
- Exited half of CELG October 2017 130 calls for 150% on August 31, 2017
- Exited second half of CELG October 130 calls for 143% on Sept 1, 2017
- Exited GOLD Sept 92.50 put and 95 put for a full loss
- Exited half of LOW September 2017 75 calls for 71% on Sept 7, 2017
Stay tuned for more.
Ian L. Cooper