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DailyPlay Closing Trades Update (GE, LOW, ALL, DHI, PYPL, TAN) – April 7, 2022

Partial Closing Trades

  • GE: 56.25% Gain: Buy to close April 29, 2022 $95/$97 Call Vertical @ $0.42 Debit. Close half of this position. For example, if 4 contracts were opened for this trade, we recommend closing 2 contracts. 
  • LOW: 22.91% Loss: Sell to close May 13, 2022 $205/$220 Call Vertical @ $3.87 Credit. Close half of this position.
  • ALL: 0.91%% Gain: Buy to close May 20, 2022 $140/$145 Call Vertical @ $2.18 Debit. Close half of this position.  

Closing Trades

  • DHI: 92.1% Loss: Sell to close DHI May 20, 2022 $85/$97.5 Call Vertical @ $0.35 Credit. We closed half this position on March 24 at a $4.43 credit. Therefore, the average loss on this trade was 73.8% and the average cost basis to exit this trade is $2.39 credit. 
  • PYPL: 56.12%% Gain: Sell to close PYPL Apr 29, 2022 $100/$120 Call Vertical @ $10.85 Credit. We took partial profits for this trade on March 24 at a $12.62 credit. Therefore, the average gain on this trade was 68.9% and the average cost basis to exit this trade is $11.74 credit. 
  • TAN: 42.77% Gain: Buy to close TAN Apr 22, 2022 $66/$74 Put Vertical @ $1.90 Debit. We took partial profits for this trade on March 30 at a $1.70 debit. Therefore, the average gain on this trade was 45.8% and the average cost basis to exit this trade is $1.80 debit. 

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Tony Zhang