DailyPlay – Portfolio Review – February 3, 2025

DailyPlay Portfolio Review

Our Trades

AAPL – 25 DTE

Bearish Credit Spread – Apple Inc. (AAPL) – The position is at a loss following last week’s earnings announcement, but the stock showed some weakness into the close on Friday and in the overnight session. This after-hours weakness in the stock would be helpful for the position, and we still have considerable time remaining until expiration, so no immediate action is planned, and we are maintaining a tight watch.

AMD – 137 DTE

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

BA – 46 DTE

Bullish Debit Spread – The Boeing Company (BA) –  We are up on this position, and the company announced earnings last week. The stock has been range-bound since the earnings release. We still have plenty of time left in the option contracts and plan to stay the course for now.

CME – 18 DTE

Bullish Long Call – CME Group Inc. (CME) – While the position is showing a solid gain, we plan to hold steady for now, given the ample time remaining on the option contract. The company is scheduled to report earnings after the close on Wednesday, February 12.

DXCM – 4 DTE

Bullish Diagonal Spread – DexCom, Inc. (DXCM) – We recently established this position and plan to stay the course for now. The company is set to announce earnings after market close on Thursday, February 13th.

GOOGL – 25 DTE

Bullish Credit Spread – Alphabet Inc. (GOOGL) – We have a gain on this position. The company is set to announce earnings after market close on Tuesday, February 4th, so we have a decision to make before the earnings: close and take the profit or ride it through the earnings and take on the risks involved with the company event.

IWM – 18 DTE

Sharp Move Straddle – iShares Russell 2000 ETF (IWM) – We are down a bit on the position. We plan to hold steady for now, keeping a close eye as time value decays with the February 21 option contract expiration approaching.

LRCX – 46 DTE

Bullish Long Call – Lam Research Corporation (LRCX) – We recently established this position after the company announced earnings last week and plan to stay the course for now.

NVDA – 18 DTE

Bullish Long Call – NVIDIA Corporation (NVDA) – Several adjustments have been made to the initial position in NVDA. The position’s PnL has been volatile, and while we are currently down, we will remain in the position for now and evaluate the next steps. The company is scheduled to report earnings on Wednesday, February 26, after the market closes.

TTWO – 25 DTE

Bearish Credit Spread – Take-Two Interactive Software, Inc. (TTWO) – We have a small gain on this position. The company is set to announce earnings after market close on Thursday, February 6th, so we have a decision to make before the earnings: close and take the profit or ride it through the earnings and take on the risks involved with the company event.