DailyPlay – Portfolio Review – July 8, 2024

DailyPlay Portfolio Review

Investment Rationale

As we resume trading after a shortened week, let’s review our current positions that we hold. 

Our Trades

AXP – 39 DTE

Bullish Debit Spread – The last week added gains to AXP as it bounced higher from support at $230. This uptrend will likely resume this week, after the previous short trading week.

AZN – 39 DTE

Bullish Credit Spread – Recent bounce brings the stock just above our short strike and look for time decay to start showing profits on this position. 

DHI – 39DTE

Bearish Debit Spread – The breakdown below the key $140 support level targets our $125 downside targets.

MS – 25 DTE

Bullish Credit Spread – MS is currently at a critical resistance at $100. We will keep a close eye on this trade to see how price reacts.

PYPL – 25 DTE

Bullish Credit Spread – PYPL continued its bounced higher over the last few trading days and a move above $61 will likely lead to further upside.