OptionsPlay DailyPlay

Despite stocks moving higher this week, many stocks have been under distribution which is a bearish sign. We want to take this opportunity to take profits on our long positions and cut losses on our short positions.

  • AAPL – 22% Profit: Long May 18 170/190 Call Verticals @ $8.13
  • ETFC – 43% Profit: Long May 04 54/61 Call Vertical @ $3.79
  • SLB – 68% Loss: Long Apr 27 60.5/67.5 Put Verticals @ $0.85

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