Taking Profits: Tuesday, July 30th, 2019 – EBAY, MLM, MSFT

Markets have rallied back above its all-time high on trade negotiations and Fed policy outlook. We take this opportunity to take profits on our earnings plays that have moved higher and cut losses on our MLM trade. 

Closing Trades

• EBAY – 65% Gains: Long Aug 23 39/43 Call Verticals @ $2.51
• MLM – 28% Loss: Long Aug 16 220/250 Call Verticals @ $8.80
• MSFT – 54% Gains: Long Aug 16 135/145 Call Verticals @ $5.97

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