DailyPlay Positions Outlook:
Markets are taking a cautiously bullish tone after a strong week of tech earnings last week and optimism of a new stimulus deal. With a deal still far from completion risks are skewed to the downside. We are taking this opportunity to reduce some long exposure in MSFT and adjusting our TMUS trade for the upcoming earnings this week.
- MSFT – 35% Gain: Short Aug 28 207.5/192.5 Put Verticals @ $3.15 Debit
- TMUS – Buy to Close Aug 7th $110 Call @ $1.70 Debit
- Keep – Sept $105 Call through earnings event on Aug 7th
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