Closing Trades: Friday, Sept 27th, 2019 – CVS
DailyPlay Positions Outlook:
Markets have eased off its all-time highs after reaching a major resistance level but holding its $295 support level. We are maintaining a cautiously bullish stance and continue to monitor our long positions, we are taking this time to close out our CVS trade that has not moved higher as anticipated. If the market breaks below this key $295 level, we will close more of our long positions.
Closing Trades
- CVS – 45% Loss: Long Oct 18 62.5/67.5 Call Verticals @ $0.92
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