DailyPlay Taking Profits (ROK) – December 23rd, 2021

Taking Profits

• ROK – 5% Gain: Long Jan 21, 2022 $330/$360 Call Vertical @ $12.30 Credit

DailyPlay Positions Outlook

As we approach the end of 2021, equities have experienced a strong bullish trend for most of the year that started to face in recent weeks. We have had to shift our outlook to a more neutral stance as elevated volatility has resulted in the major indices trading in a rangebound zone. This means that we are hesitant to open new positions until we can have a more clearer macro picture and see systemic risk fade. We take this opportunity to close out our ROK bullish debit spread for a minimal profit as rotation out of Industrials is concerning and may result in ROK declining further in the coming weeks. 

Prakash Vijayanath

Analyst at OptionsPlay