DailyPlay – Opening Trade (AAPL) Partial Closing Trade (V) – June 21, 2002

Partial Closing Trade

V: 179% Gain: Sell to Close1 Contract July 15, 2022 $210/$190 Put Verticals @ $13.42 Credit. DailyPlay Portfolio: By closing 1 of the 2 Contracts, we will be receiving $1,342.

Bullish Opening Trade Signal

View AAPL Trade

Strategy Details

Strategy: Short Put Vertical Spread

Direction: Bullish

Details: Sell to Open 3 Contracts July 29, 2022 $130/$120 Put Verticals @ $3.25 Credit.

Total Risk: This trade has a max risk of $2,025 (3 Contracts x $675 per contract).

Counter Trend Signal: This is a Bullish trade on a stock that is experiencing a bearish trend. 

1M/6M Trends: Bearish/Bearish

Technical Score: 4/10

OptionsPlay Score: 85

Entering the Trade

Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade. 

Please note these prices are based on the previous day’s closing prices. Should the underlying move significantly during the pre-market hours, we will likely adjust the strikes and prices to reflect a more accurate trade entry. This will be reflected in the Portfolio tab within the OptionsPlay platform.

Investment Rationale

Match Group Inc. (MTCH) is currently in a clear bearish trend and the price is currently trading at the top Our bullish trade idea today is Apple Inc (AAPL). AAPL has declined to the $130 area forming a new lower low, however, momentum indicators show positive divergence which indicates a potential reversal higher at oversold levels. From a fundamental perspective, AAPL’s shift to a more service focused model will provide more consistent revenues.