DailyPlay – Closing Trade (GOOGL) – March 25, 2024

Closing Trade

• GOOGL – 114.49% Gain: Sell to Close 6 Contracts (or 100% of your Contracts) April 5th $135/$150 Call Vertical Spreads @ $13.03 Credit. DailyPlay Portfolio: By Closing all 6 Contracts, we will receive $7,818. We initially opened 3 Contracts on March 1 @ $5.48 Debit., and then another 3 Contracts on March 14@ $6.67 Debit. The average gain, therefore, is $697 per contract with a total gain of $4,176 on our Portfolio.

Investment Rationale

With GOOGL reaching the upper strike price of our vertical spread and less than 2 weeks to expiration, we are trading less than $2 away from the maximum gain on the $15 wide debit spread. This is a good time to take profits on our trade, locking our biggest win for 2024 so far. This was a gain of 4.1% of the portfolio’s value or about 4 times our average losing trade.