DailyPlay Closing Trade

• NOC:175% Loss: Buy to close Apr 1, 2022 390/405 Call Verticals @ $14.00 Debit. 

Equities continue to be pressured with the Ukraine crisis being the key focus in dictating short-term direction. While price action late last week was encouraging, SPX now needs to break above yesterday’s high to provide evidence of a trading low at the $4130 level. We take this opportunity to close out the NOC credit spread after price broke above the $400 resistance level and invalidated our bearish thesis.