DailyPlay Positions Outlook:
The S&P 500 has taken a pause as fiscal stimulus initiatives are at a stalemate in Congress. Sectors in retreat have been broad as interest rates spark a rally, denting higher yielding sectors alongside higher beta sectors. Over the next few trading sessions, we will attempt to answer the question that with fixed income markets selling-off, does this provide another buy the dip opportunity or can this spark a larger selloff in equities?
We are reducing our long exposure in IBB at the moment and evaluating our long only portfolio holdings.
Closing Trades
- IBB – 51% Loss: Short Sep 4, 135/140 Put Verticals @ $3.50 Debit
Upcoming Event
Options Fundamentals: Buying vs. Selling Options – Thursday @ 4:15 PM EST
DailyPlay Trades & Performance
New! Track the performance and history of our DailyPlay trades with our new spreadsheet!
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