Closing Trades (JPM, SO) – Wednesday, Oct 16th, 2019
DailyPlay Positions Outlook:
Markets have regained the $295 resistance level and now act as support. We continue to maintain a cautiously bullish stance as we await more earnings reports. We are watching a key $302.50 resistance as the next barrier to break above to initiate further long positions. As markets pop higher on some strong earnings, we are taking profits on long positions in JPM and cutting losses on SO.
- JPM – 53% Gain: Long Dec 20 120 Calls @ $4.05
- SO – 15% Loss: Long Nov 01 60/64 Call Verticals @ $1.33
DailyPlay Trades & Performance
New! Track the performance and history of our DailyPlay trades with our new spreadsheet!
Learn to Trade Options:
Trade Earnings with Limited Risk using Options – Thurs @ Oct 17th – 4:15 PM EST – Register Now