DailyPlay Positions Outlook:
The market started this week on a positive note as reopening trends sparked optimism, but was quickly met with the $300 resistance level on SPY. We continue to see the exhaustion on each rally and a heightened risk of a quick and fast pullback on negative news. We are taking this opportunity to cut losses on our TGT earnings play.
- TGT – 76% Loss: Short May 29 114/121 Put Verticals @ $5.06