Closing Trade (UAL) – Wednesday, Dec 4th, 2019
DailyPlay Positions Outlook:
As markets pullback after a sustained rally, we see some initial downside towards $302.50 support. We maintain a longer-term bullish stance on the markets but will take this opportunity to cut losses on longs, and seek to take profits on our shorts later this week while establishing new long positions towards the support levels.
• UAL – 80% Loss: Long Dec 27 93/101 Call Vertical @ $0.50
DailyPlay Trades & Performance
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Risk & Money Management of Options Trading – Thursday, Dec 5th @ 4:15PM EST – Book Your Spot