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DailyPlay Closing Trade (WFC) – April 27, 2022

Closing Trade

  • WFC: 92.12% Loss: Buy to close 10 Contracts May 13, 2022 $45/$48 Put Verticals @ $0.57 Credit. $2.00 Debit. Despite outperforming the market and its sector after earnings, WFC’s decline below its major support level at $46 warrants closing out our long exposure in this weak bearish market. We are closing this position out completely. DailyPlay Portfolio: By closing 10 Contracts, we will be paying $2,000. 

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Tony Zhang