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 GS trade.
- GS – 112% Loss: Short Jun 19 180/190 Call Verticals @ $8.40