DailyPlay – Portfolio Review – March 12, 2024

DailyPlay Portfolio Review

Investment Rationale

Our current open trades are in good shape with a good mixture of early positions. We are going to hold off on adding further exposure in the portfolio today and provide an overview of our outstanding positions. 

Our Trades

AAPL – 24 days DTE

Bullish Debit Spread. Our thesis that $170 was a bottom is holding so far, looking for a continuation higher toward our $180 upside target. 

BMY – 66 days DTE

Bullish Debit Spread. A position that we entered yesterday after BMY completing a bottom formation and broke out above its $53 resistance level. 

C – 38 days DTE

Bullish Calls. Holding above $57 resistance level so far and we are looking for a push higher towards our $65 target before taking profits. 

DEO – 38 days DTE

Bullish Debit Spread. Our thesis that $145 support would hold onto its $155 target is working so far, and will continue to hold onto position. 

GOOGL – 24 days DTE

Bullish Debit Spread. Has broken back above our initial $135 support area after breaking lower, we will look for opportunities to take profits as this trade grinds back to breakevens as we approach 24 DTE. 

META – 16 days DTE

Bearish Debit Spread. Big move yesterday has pushed our trade back into the green and we’re just off the $480 downside target. Looking to hold this towards expiration for take profit opportunities.