Taking Profits (CVX) – Wednesday, Jan 23rd, 2020

DailyPlay Positions Outlook:

The markets have continued to rip higher after a spectacular end to 2019. We expect to see some consolidation with recent euphoric price action. Learn to protect your portfolio against a correction with our webinar on How to Hedge Your Portfolio Against a Correction. We are using this opportunity to take profits on our SNAP position which now looks overextended in the short term. 

Closing Trades

• CVX – 62% Gains: Long Mar 20, 2020 110/120 Put Verticals @ $6.15

Earnings Season Trading!

Trade Earnings Season with Limited Risk using Options –Thursday, Jan 23rd @ 4:15 PM EST – Book Your Spot