Taking Profits (XLV) – April 16th, 2020

DailyPlay Positions Outlook:

As markets continue to rally on COVID-19 optimism and Fed stimulus, today’s check back provides a reality check on where we stand. With consumer spending down 8.7% in March and much further weakness expected in April, markets are starting to fade this rally. As earnings season kicks into high gear next week, guidance from companies provides data and insights into where we are headed next. 

Closing Trades

• XLV – 71% Gain: Short May 15, 2020 82/88 Put Verticals @ $0.51


Special Event

Trade Earnings with Limited Risk – Thursday 4/16 @ 4:15 PM EST

DailyPlay Trades & Performance

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