Traders Daily: Take Your Wins on the AbbVie Calls


Weeks ago, we recommended the ABBV January 17, 2020 36 calls, as they traded at $3.15.  With the stock now up to $78.32, the calls were forced to $5.75.  Take your win on the calls.

Continue holding the ABBV stock.

Let’s also take wins on the Intel (INTC) stock recommended at $46.86.  With the stock now up to $52.50, it’s time to take our wins and move on.

Stay tuned for even more opportunities shortly.

Also, to let you know, we are looking to launch Options Traders Pit and Cannabis Traders Pit shortly.  Please stay tuned for more information on both shortly.

Here’s what we still hold, long-term: 

NVIDIA (NVDA) stock — $196.55 

NVDA is now up to $197.65, and is on hold.

AbbVie Inc. (ABBV) stock – $74.55

ABBV January 17, 2020 75 calls – $3.15 – exiting second half 

ABBV last traded at $78.48. The calls are now up to $5.80.

Pfizer (PFE) stock – $36.05

PFE January 17, 2020 36 calls — $1.60

PFE last traded at $36.60, and is also pushing higher.  We have a $40 target price.

Glu Mobile (GLUU) – $5.46 

GLUU now trades at $6 and remains on hold. 

Etsy Inc. (ETSY) – $54.76

ETSY now trades at $57.43.  We exited the calls already.

Metlife (MET) stock – $45.76

MET November 15, 2019 45 calls – $2.52 – exited half

MET has just started to rebound, last trading above $46.63.  Hold both trades. 

DB Gold Short ETN (DZZ) – $4.96 

We are continuing to hold DZZ as a hedge.

Intel (INTC) stock – $46.86 – exiting stock today.

Intel now trades at $52.20.  Sell for a win.

The VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) — $14.50 

REMX is still a buy with China’s rare earth threats still on the table.  REMX is at $12.54. 

Devon Energy (DVN) stock – $32.93 

We continue to hold oversold shares of Devon.  It last traded at $21.08. 

Ceragon Networks (CRNT) – $3.90

Boingo Wireless (WIFI) – $32.04

Zayo Group (ZAYO) — $34.42 

All are long-term holds as the 5G revolution just begins to pick up momentum.  CRNT now traded at $2.94. WIFI is now at $10. ZAYO now trades at $34.30.  Hold all. 

ETFMG Alternative Harvest ETF (MJ) — $32.30 – exited half

Kush Bottles (KSHB) — $7.85

MedMen Enterprises (MMNFF) — $4.30
Canopy Growth (CGC) — $51.55

Cannabis stocks have pulled back considerably, but all remain on hold at this time.  Earnings hiccups and warnings aside, there is still plenty to be excited about with more U.S. state approvals, Canada’s move to legalize more CBD products this week, and the fact that cannabis legalization could see the light of day from the 2020 presidential election.  Hold.

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

This remains a hedge against the long positions.  It’s now at $28.72.


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