DailyPlay – Closing Trade (SQ) – December 27, 2024

Season’s Greetings: DailyPlay Update

With the holidays in full swing, we want to share a quick update on our DailyPlays. Throughout this time, we’ll continue to monitor our DailyPlay Portfolio to ensure we stay on track. While we may make adjustments or sell certain positions if warranted, we won’t be adding any new positions between the Christmas holiday and New Year’s Day.

Today, we’ll be closing our position in SQ, as it has hit our stop-loss threshold.

May your holiday season be merry and bright, and here’s to a successful year ahead!

Warmest Regards,
Brian Overby 
OptionsPlay Senior Options Strategist

Closing Trade

• SQ – 61% loss: Sell to Close 4 Contracts (or 100% of your Contracts) Jan 17 $97.50/$115 Call Vertical Spreads @ $1.49 Credit. DailyPlay Portfolio:  By Closing all 4 Contracts, we will receive $596. We initially opened these 4 Contracts on Dec 12 @ $3.85 Debit. Our loss, therefore, is $236 per contract.