DailyPlay Positions Outlook:
As markets recover on the back of easing geopolitical tensions, markets remain within a trading range and approaching a major resistance level. While we maintain a cautiously bullish stance and continue to position for a breakout to the upside, we are taking profits on BABA as it reacts to a major resistance level and UUP as the dollar pulls back in this risk-on environment.
- BABA – 47% Gains: Long Oct 04 162.5/185 Call Verticals @ $12.00
- UUP – 20% Gains: Long Sep 20 26 Calls @ $0.79
DailyPlay Trades & Performance
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