DailyPlay – Closing Trades (AAPL, DAL, V) – March 13, 2025

Closing Trades

• AAPL – 73% gain: Buy to Close 3 Contracts (or 100% of your Contracts) April 25 $240/$255 Call Vertical Spreads @ $1.19 Debit. 
  DailyPlay Portfolio:  By Closing all 3 Contracts, we will be paying $357. We initially opened these 3 Contracts on March 10 @ $4.40 Credit. Our gain, therefore, is $963.
• DAL – 192% gain: Sell to Close 8 Contracts (or 100% of your Contracts) April 17 $60/$50 Put Vertical Spreads @ $8.75 Credit. 
  DailyPlay Portfolio:  By Closing all 8 Contracts, we will be receive $7,000. We initially opened these 8 Contracts on Feb 28 @ $3.00 Credit. Our gain, therefore, is $4,600.
• V – 52% loss: Buy to Close 2 Contracts (or 100% of your Contracts) April 4 $350/$335 Put Vertical Spreads @ $9.68 Debit. 
  DailyPlay Portfolio:  By Closing both Contracts, we will pay $1,936. We initially opened these 2 Contracts on Feb 25 @ $3.93 Credit. Our loss, therefore, is $1,150. The margin requirement for this trade is $1,500 and we received a Credit of $393 per contract giving us a net margin requirement of $1,107. Our loss is $575 per contract which gives us a loss of 52%.