DailyPlay Positions Outlook:
The market continues to trade around an equilibrium point of $285. With the mega-cap stocks having all reported earnings, market volatility has subdued and we expect a battle above and below this key $285 level. With risk still skewed to the downside, we are taking profits on our long ATVI position. We continue to seek to collect premiums in anticipation of a shift in momentum lower.
- ATVI – 97% Gain: Short May 15 64/61 Put Verticals @ $0.03