DailyPlay – Closing Trades (DIS, SQ) & Portfolio Review – November 18, 2024

Closing Trades

• DIS – 132% gain: Sell to Close 4 Contracts (or 100% of your Contracts) Dec 13 $93/$105 Call Vertical Spreads @ $12.01 Credit. DailyPlay Portfolio:  By Closing all 4 Contracts, we will receive $4,804  We initially opened these 4 Contracts on November 6 @ $5.17 Debit. Our gain on this trade, therefore, is $2,736 which is more than 2% gain on our total portfolio.
• SQ – 113% gain: Sell to Close 5 Contracts (or 100% of your Contracts) Nov 22 $70/$80 Call Vertical Spreads @ $9.45 Credit. DailyPlay Portfolio:  By Closing all 5 Contracts, we will receive $4,725  We initially opened these 5 Contracts on October 23 @ $4.43 Debit. Our gain on this trade, therefore, is $2,510 which is more than 2% gain on our total portfolio.

DailyPlay Portfolio Review

Our Trades

ADBE – 32 DTE

Bullish Debit Spread – Adobe Inc. (ADBE) remains volatile, recently bouncing off support at $500. The stock has struggled to break through the key resistance level at $525, but if it clears this, further upside to $550 is likely. The trade is currently profitable, and we plan to maintain our position. With an expiration date extending beyond the early December earnings report, we have the flexibility to hold through the announcement or potentially roll up the position.

AMZN – 60 DTE

Bullish Debit Spread – Amazon.com Inc. (AMZN) recently reported strong earnings. Although the stock has experienced a pullback, we remain bullish and will continue monitoring the position closely.

DIS – 25 DTE

Bullish Debit Spread – We are closing this position for a profit today.

INTC – 60 DTE

Bullish Calls – Staying the course still presents an opportunity for further upside toward our $30 target.

QQQ – 60 DTE

Bullish Calls – We just established this position and plan to stay the course.

SHOP – 60 DTE

Bullish Debit Spread – We just established this position and plan to stay the course.

SQ – 4 DTE

Bullish Debit Spread – We are closing this position for a profit today.

XLF – 60 DTE

Bullish Calls – We recently established the long call position in the financial sector and plan to stay the course for now.