DailyPlay Positions Outlook:
After breaking above its major resistance level of $302.50, SPY has continued to grind higher but is approaching overbought. We believe that the market has already priced in a trade war resolution and may consolidate back towards its support level. We are taking this opportunity to reduce our long exposure in (DIS) and cut losses on our short positions (ROP).
Closing Trades
• DIS – 232% Gain: Long Jan 17 ’20 120/140 Risk Reversals @ $3.52
• ROP – 51% Loss: Long Dec 20 300/340 Put Verticals @ $6.10
DailyPlay Trades & Performance
New! Track the performance and history of our DailyPlay trades with our new spreadsheet!
Webinar Recording
Maximizing Profits with Debit Vertical Spreads – Learn how to generate explosive option trades by limiting your risk w/ debit spreads! Maximize Your Trades
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