Closing Trades (IBB) – Aug 12th, 2020

DailyPlay Positions Outlook:

The S&P 500 has taken a pause as fiscal stimulus initiatives are at a stalemate in Congress. Sectors in retreat have been broad as interest rates spark a rally, denting higher yielding sectors alongside higher beta sectors. Over the next few trading sessions, we will attempt to answer the question that with fixed income markets selling-off, does this provide another buy the dip opportunity or can this spark a larger selloff in equities? 

We are reducing our long exposure in IBB at the moment and evaluating our long only portfolio holdings. 

Closing Trades


Upcoming Event

Options Fundamentals: Buying vs. Selling Options – Thursday @ 4:15 PM EST

DailyPlay Trades & Performance

New! Track the performance and history of our DailyPlay trades with our new spreadsheet!