We’ve held shares of Carnival (CCL) since $66.50.  It’s now up to $69.57.

While it’s not a big win, it’s still a win.  Unfortunately, the stock is beginning to get a bit toppy here.  Instead of risking this small win, we’re opting to take if off the table today.

With the stock now approaching overbought territory, we can also short the stock here by buying to open the CCL April 20, 2018 67.50 put, which last traded at $2.15.

From here, we believe the stock could pull back to its 50-day moving average at $66.45.

Open Positions:

Kush Bottles (KSHB) -- $7.85

The stock didn’t have a great day yesterday, but that’s to be expected after such a big move.  We would still like to see the stock at $10 before long.  Hold.

Daqo New Energy (DQ) -- $68.50

The stock now traded at $63.62 from our $68.50 entry but we continue to hold.

Overstock.com (OSTK) -- $82

After a big dive, the stock did move up by $5.40 on Wednesday to $75.65.  Hold.

Disney February 16, 2018 110 put -- $2.89

DIS is beginning to fail at double top resistance, last trading at $112.  We have a near-term price target of $109 on the underlying stock.

Douglas Dynamics (PLOW) -- $39.25

We recommended PLOW just the other day on the snow.  The stock is now up to $40.75.

AT&T (T) February 16, 2018 38 put -- $1.35

AT&T (T) March 16, 2018 38 put -- $1.60

The underlying stock last traded $36.85 and is falling apart.  Hold both.

eCobalt Solutions (ECSIF) -- $1.45

ECSIF is now up to $1.50.  We have a near-term target of $2.  Hold.

Spark Therapeutics (ONCE) -- $49.25

The stock is now up to $51.51 and remains on hold.  We have a price target of $70, which would refill its bearish gap.

Solar Edge Technologies (SEDG) -- $35.50

On December 7, 2017, we recommended SEDG, as it traded at just $35.50.  The stock is now up to $35.45 and remains a long-term hold.  We have a price target of $40, near-term.

Tronox (TROX) stock -- $20.45

This trade remains a long-term hold on the electric vehicle (EV) boom.  The stock last traded at $20.65.  We have a price target of $25.

Merck (MRK) stock -- $55.50 – exited half

MRK January 18, 2019 57.50 call -- $3.25 – exited half

We exited half of each on Wednesday.  Hold second halves.  The stock now trades at $62.04.

Pro Shares Ultra Short S&P 500 (SDS) -- $45.15

This remains a hedge against the long positions.

First Data (FDC) stock -- $17.80

We continue to hold with the stock now trading at $17.60.

Advanced Micro Devices (AMD) -- $13.30 entry

The AMD stock last traded at $12.18 and remains on hold.

Closed trades:

  • 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
  • Exited VNDA stock for 8% on September 8, 2017
  • Exited VNDA October 2017 16 calls for 35% on September 8, 2017
  • Exited second half of LOW October 2017 75 call for 92% on Sept. 8, 2017
  • Exited LOW stock for 4% on September 8, 2017
  • Exited half of FEYE stock for 13% gain on September 12, 2017
  • Exited half of FEYE Dec. 14 calls for 68% gain on September 12, 2017
  • Exited half of FEYE Dec. 15 calls for 63% gain on September 12, 2017
  • Exited half of CCL October 2017 67.50 calls for 67% on September 13, 2017
  • Exited VIX October 2017 15 put for 18% on September 13, 2017
  • Exited VIX October 2017 14 put for 17% on September 13, 2017
  • Exited ZIV stock for 2% on September 13, 2017
  • Exited SVXY stock for 9% on September 13, 2017
  • Exited AMD September 2017 13 calls for a full loss, expired worthless
  • Exited second half of FEYE stock for 16% gain on September 14, 2017
  • Exited second half of FEYE Dec. 14 calls for 100% gain on September 14, 2017
  • Exited second half of FEYE Dec. 15 calls for 89% gain on September 14, 2017
  • Exited CRUS stock for a loss of 7% on September 22, 2017
  • Exited CRUS October 2017 60 calls for a full loss on September 22, 2017
  • Exited half of AJRD November 2017 30 calls for a gain of 200% on Sept 22, 2017
  • Exited half of AJRD November 2017 30 calls for a gain of 168% on Sept 22, 2017
  • Exited AJRD stock for a gain of 13% on September 22, 2017
  • Exited half of AOBC January 2018 17 calls for a gain of 47% on Oct. 4, 2017
  • Exited half of EXPE October 145 calls for 22% gain on October 6, 2017
  • Exited CCL October 2017 67.50 calls for a loss of -37% on October 17, 2017
  • Exited half of Shopify Inc. stock for a gain of 10% on October 25, 2017
  • Exited half of SHOP November 105 call for a gain of 79% on Oct 25, 2017
  • Exited TRUE stock for a loss on November 7, 2017
  • Exited TRUE January 2018 16 calls for a loss on November 7, 2017
  • Exited half of DIS December 15, 2017 100 calls for 44% on Nov. 8, 2017
  • Exited SHOP stock for a -10% loss on Nov. 9, 2017
  • Exited SHOP November 105 calls for a full loss on Nov. 9, 2017
  • Exited DIS stock for a gain of 5% on November 13, 2017
  • Exited second half of DIS Dec 2017 100 calls for a gain of 86% on Nov 13, 2017
  • Exited half of DIS Jan. 19, 2018 105 call for 100% gain on November 30, 2017
  • Exited half of AT&T January 19, 2018 34 call for a 55% gain on Nov 30, 2017
  • Exited half of AT&T February 16, 2018 34 call for a 97% gain on Nov 30, 2017
  • Exited half of DIS Jan. 19, 2018 105 call for 404% gain on Dec 4, 2017
  • Exited half of AT&T January 19, 2018 34 call for a 177% gain on Dec 4, 2017
  • Exited half of AT&T February 16, 2018 34 call for a 139% gain on Dec 4, 2017
  • Exited half of BBY stock for an 11% gain on December 5, 2017
  • Exited half of BBY Dec 15, 2017 57.50 calls for a 102% win on Dec 5, 2017
  • Exited half of AVAV stock for a 34% win on December 6, 2017
  • Exited RGR stock for a loss of 1% on December 11, 2017
  • Exited AOBC stock for a loss of 12% on December 11, 2017
  • Exited AOBC January 2018 17 calls for a full loss on December 11, 2017
  • Exited second half of AVAV for 27% gain on December 12, 2017
  • Exited half of SQM stock for 12% gain on December 21, 2017
  • Exited half of the AT&T (T) Feb 2018 36 calls for 67% on Dec 21, 2017
  • Exited half of the MU Feb 2018 44 calls for 22% on Dec 21, 2017
  • Exited half of AT&T (T) for 5% win on December 28, 2017
  • Exited half of AT&T (T) for 13.2% on December 28, 2017
  • Exited second half of T February 2018 36 calls for 56.4% on Dec 28, 2017
  • Exited half of X March 2018 36 calls for 50% on January 3, 2018
  • Exited second half of SQM stock for a gain of 14% on January 3, 2018
  • Exited second half of T stock for a gain of 1% on January 3, 2018
  • Exited second half of T stock for a gain of 9% on January 3, 2018
  • Exited half of X stock for a gain of 8% on January 5, 2018
  • Exited second half of X March 2018 36 call for a 58% on January 5, 2018
  • Exited second half of MU February 2018 44 calls for 41% on January 5, 2018
  • Exited U.S. Steel (X) for an 11% win on January 10, 2018
  • Exited MU stock for 0% on January 10, 2018
  • Exited CY stock for a return of 7% on January 10, 2018
  • Exited half of MRK stock for a return of 12% on January 16, 2018
  • Exited half of MRK January 2019 57.50 calls for 122% on January 16, 2018

Ian L. Cooper

Traders Daily