Closing Trades (BMY, MO) – Tuesday, Oct 22nd, 2019
DailyPlay Positions Outlook:
Markets are at $299.99, still short of the key $302.50 resistance level and well above the $295 support level. We continue to maintain a cautiously bullish stance as earning reports pour in this and next week. As markets stall in a sideways trading range despite some strong earnings, we are taking profits on long positions in BMY and cutting losses on MO.
- BMY – 67% Gain: Long Dec 50 Calls @ $4.05
- MO – 74% Loss: Long Nov 22 37.50/42.50 Call Verticals @ $0.37
DailyPlay Trades & Performance
New! Track the performance and history of our DailyPlay trades with our new spreadsheet!
Learn to Trade Options:
Maximizing Profits With Credit and Debit Vertical Spreads – Thurs @ Oct 24th – 4:15 PM EST Register Now