DailyPlay Positions Outlook:
Markets are at $299.99, still short of the key $302.50 resistance level and well above the $295 support level. We continue to maintain a cautiously bullish stance as earning reports pour in this and next week. As markets stall in a sideways trading range despite some strong earnings, we are taking profits on long positions in BMY and cutting losses on MO.
Closing Trades
- BMY – 67% Gain: Long Dec 50 Calls @ $4.05
- MO – 74% Loss: Long Nov 22 37.50/42.50 Call Verticals @ $0.37
DailyPlay Trades & Performance
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