The market has reached overbought readings after rallying for over a month and the risk of a correction is currently high. We are using this opportunity to take profits and cut losses on our long positions.
- REGN – 18% Loss: Long Mar 15 400/460 Call Verticals @ $17.15
- TOL – 25% Gain: Long Mar 15 34/39 Call Verticals @ $2.50
Upcoming Event: Discounted Stock Purchase w/ Cash-Secured Puts – Thurs 2/7 @ 4:15PM EST
- Open DailyPlay Trades: Live P&L tracking in OptionsPlay
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