Taking Profits (COP) – Thursday, Dec 19th, 2019

DailyPlay Positions Outlook:

The markets have stalled after touching $320 on the S&P500 after consecutive all-time high sessions. We see limited upside in the short run with a higher probability of a short term correction and consolidation period. We are using this opportunity to take profits on our COP position as oil prices moderate. 

Closing Trades

• COP – 53% Gains: Long Dec 20/Jan ’20 60/62 Call Diagonal @ $2.54

DailyPlay Trades & Performance

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DailyPlay Tracking

Upcoming Event

Special Guest Bennett McDowell (TradingCoach.com) – Thursday, Dec 19th @ 4:15PM EST – Book Your Spot