DailyPlay – Closing Trades (AZN, MS) – July 31, 2024

Investment Rationale

After reporting better than expected earnings, we have now earned more than 95% of the total max gain of the trade. Let’s close out this trade for a win and continue to monitor our other positions for potential exit opportunities in AZN and MS. 

Closing Trades

• AZN – 8.38% gain: Buy to Close 26 Contracts (or 100% of your Contracts) Aug 16th $77.50/$75 Put Vertical Spreads @ $0.82 Debit. 
  DailyPlay Portfolio:  By Closing all 26 Contracts, we will be paying $2,132. We initially opened 13 Contracts on July 1 @ $0.83 Credit and then another 13 Contracts on July 11 @ $0.96 Credit. Our gain, therefore is $195.
• MS – 14.79% loss: Buy to Close 8 Contracts (or 100% of your Contracts) Aug 9th $104/$100 Put Vertical Spreads @ $1.63 Debit. 
  DailyPlay Portfolio:  By Closing all 8 Contracts, we will be paying $1,304. We initially opened these 8 Contracts on July 15 @ $1.43 Credit. Our average loss, therefore, is $20 per contract.