DailyPlay – Closing Trade (HSY) Partial Closing Trade (UNG) – September 16, 2022

Closing Trade

• HSY -79.35% Gain: Buy to Close 1 Contract October 7, 2022 $230/$240 Call Vertical @ $0.82 Debit. DailyPlay Portfolio: By Closing the remaining 1 of the 3 Contracts, we will be paying $82. We took partial profits for this trade on September 12 at a $1.75 Debit. Therefore, the average gain on this trade is 63.73% and the average cost basis to exit this trade is $1.44 Debit.

Partial Closing Trade

• UNG -25.00% Gain: Buy to Close 7 Contracts October 21, 2022 $27/$24 Put Verticals @ $1.11 Debit. DailyPlay Portfolio: By Closing 7 of the 14 Contracts, we will be paying $777.

Investment Rationale

Price action for equities started with some strength which faded by the end of the day. The S&P is trading just above its $3900 level and has now broken below the daily cloud model. Our base case is for equities to continue lower unless it closes above $3950 by Friday and continues higher. As we wait for further clarify from markets going into the Fed decision next week, we take this opportunity to close out HSY which has reached the daily cloud bottom target. And we are also closing half of our UNG after Nat Gas saw a nearly 9% correction today, taking partial profits.

Close Remaining 1 Contract on HSY @ $0.82 Debit

Close Half UNG @ $1.11 Debit

S&P 500 Daily