DailyPlay – Partial Closing Trades (PYPL, DHI) & Adjustment Trade (FB) – March 24, 2022

Partial Closing Trades

• PYPL: 81.6% Gain: Sell to close Apr 29, 2022 $100/$120 Call Vertical @ $12.62 Credit. Close half of this position. For example, if 10 contracts were opened for this trade, we recommend closing 5 contracts.
• DHI: 55.5% Loss: Sell to close May 20, 2022 $85/$97.5 Call Vertical @ $4.43 Credit. Close half of this position.

Adjustment Trade

FB (Long Jul 15, 2022 $230 Call) – 47.7% Loss: Sell to open Jul 15, 2022 $260 Call @ $4.65 Credit. 

• This converts the current long call FB position to a Call vertical and in doing so, reduces the cost basis of the long call from $23.68 to $19.03. Please note that this signal should only be used if you are already in the FB trade that was opened on February 7th, 2022.