DailyPlay – Portfolio Review – August 12, 2024

DailyPlay Portfolio Review

Our Trades

AAPL – 39 DTE

Bearish Credit Spread – AAPL has broken above its key $210 resistance and generated a buy signal today, if we do not see a meaningful pullback over the next few trading sessions, we will look to close out this trade. 

LULU – 39 DTE

Bullish Credit Spread – Bounced off support at $230 with the next upside target at around $260.

MSFT – 25 DTE

Bullish Credit Spread – Bounced off support at $390 and broke out above $400, indicating that further upside is likely. The next upside target is at around $425.

NVDA – 39 DTE

Bullish Credit Spread –  Bounced off support at $95 and broke out above $100, indicating that further upside is likely. The next upside target is at around $115.