Momentum has turned negative and markets have started to fall below major support levels and moving averages. We use this opportunity to take profits on our short trades and cut losers on long positions.
- NFLX – 93% Gain: Long Nov 16 275/325 Put Verticals @ $22.40
- TSCO – 58% Loss: Long Oct 26 87.5/97 Call Verticals @ $1.40
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- DailyPlay Performance: 67% Winners & 82.32% Average Winning Trade!
- Historical DailyPlay Trades: All open and closed trades