Closing Trade (DRI, PHM) – Wednesday, Nov 27th, 2019
DailyPlay Positions Outlook:
Small caps have finally broken above a major resistance level after underperforming for months. We believe that the market has the ability to break out significantly higher despite being overbought on many measures with small caps now showing strength. We are taking this opportunity to reduce our short exposure and take profit on profitable long trades.
• DRI – 47% Loss: Long Dec 20 105/115 Put Verticals @ $1.85
• PHM – 64% Gain: Long Dec 20 38/42 Call Verticals @ $2.17
DailyPlay Trades & Performance
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