Taking Profits (LOW) – May 19th, 2020
DailyPlay Positions Outlook:
Markets have roared back and broke out to new relative highs above $294 after making an attempt lower late last week. Despite making new highs, momentum continues to move sideways adding to the negative divergence over the past few weeks. This increases the likelihood of a pullback but with an accommodative Fed, we are likely to see markets continue to grind higher. We are taking opportunities to buy dips, sell rallies, and take profits quickly.
- LOW – 49% Gain: Short Jun 5, 2020 102/110 Put Verticals @ $1.97