Closing Trades (AAPL, SPY) – April 7th, 2020

DailyPlay Positions Outlook:

Markets rebounded sharply today on what seems like an improvement in new coronavirus cases. We suggest that investors remain cautious as 1 day does not make a trend and we do not see any fundamental shifts in our outlooks since Friday’s close. We are inclined to fade this strength, but pull back on our shorts and maintain a more neutral outlook over the next week. 

Closing Trades

• AAPL – 68% Loss: Long May 1, 2020 180/245 Put Verticals @ $6.15
• SPY – 82% Loss: Long Apr 17, 2020 190/249 Put Verticals @ $3.24

 

Tues Market Outlook

Tuesday at 9AM EST with Tony Zhang