DailyPlay – Portfolio Review & Closing Trade (QQQ) – January 13, 2025

Closing Trade

• QQQ – 51% loss: Sell to Close 1 Contract (or 100% of your Contracts) Jan 17 $495 Call @ $14.85 Credit. DailyPlay Portfolio: By Closing this Contract, we will receive $1,485. We initially opened this Contract on Nov 8 @ $30.53 Debit. Our loss, therefore, is $1,568.

DailyPlay Portfolio Review

Our Trades

AAPL – 4 DTE

Bearish Diagonal Spread – Apple Inc. (AAPL) – We are slightly up on the position we recently established and plan to stay the course for now. The company is expected to announce earnings after the close on Thursday, January 30.

AMD – 158 DTE

Bullish Long Call – Advanced Micro Devices, Inc. (AMD) – While we are currently down slightly, we plan to stay the course for now, as there is still ample time remaining in the option contract. The company is expected to announce earnings after the close on Tuesday, Feb 4.

BA – 67 DTE

Bullish Debit Spread -The Boeing Company (BA) We recently established this position and plan to stay the course for now. The company is expected to announce earnings before the open on Tuesday, January 28.

DXCM – 4 DTE

Bullish Debit Spread – DexCom, Inc. (DXCM) – We will either roll the short call down to bring in additional premium, which will lower our potential maximum gain while simultaneously reducing the cost basis on our long call, or close the position outright this week.

NVDA – 4 DTE

Bullish Long Call – NVIDIA Corporation (NVDA) –  We recently made a second adjustment to this position, which has lowered our loss basis on the long option contract. The short call option expired worthless, which was beneficial to the position. Expiration is quickly approaching on the long option, so we will either open a new short call position, creating a bull call vertical spread, or close the long option outright this week.

QQQ – 4 DTE

Bullish Long Call – We are closing this position today for a loss.

SHOP – 4 DTE

We’re currently down on the position but plan to hold steady for the time being. Last week, we rolled the short call down to generate additional premium. This adjustment reduced the cost basis on our long call, though it also decreased the potential maximum gain by reducing the width of the spread. Expiration is quickly approaching.