DailyPlay Positions Outlook:

During our Tues Morning Market Outlook session we covered how our base case is a neutral market between $300-$317 on SPY. As markets continue in range-bound price action, we take this opportunity to take profits and reduce our long exposure and position for a more neutral outlook going into earnings season next week. 

Closing Trades

• AMD – 22% Gain: Short Jul 31 47/52 Put Vertical @ $1.62 Debit