Closing Trades (ANTM) – October 7th, 2021

Closing Trades

• ANTM – 4% Loss: Short Oct 29, 2021 $370/$390 Call Vertical​  @ $8.30 Debit

DailyPlay Positions Outlook:

Price action in equities remains choppy after SPY and QQQ briefly broke below their respective 100 D MA’s. With the VIX opening lower this morning and futures gaining as well. A shift in tone for equities yesterday was due to a short-term suspension on the US debt ceiling to avoid a national default. We take this opportunity to close ANTM near breakeven in accordance with our best practice of closing credit spreads 21 days before expiration and ANTM’s price action indicating that it will remain above $360, thus invalidating our analysis. 

Tony Zhang
Chief Strategist & CNBC Contributor