Closing Trades (EXPE, C) – Dec 1st, 2021

EXPE – 35% Loss: Long Jan 21, 2022 $175/$195 Call Vertical @ $4.31 Credit

C – 94% Loss: Long Dec 17, 2021 $70/$72.5 Call Vertical @ $0.15 Credit

DailyPlay Positions Outlook:

As uncertainty creeps into markets due to the new Omicron variant, stocks sold off heavily yesterday. However, there has been a recovery in pre-market as well as European and Asian equities rebounding strongly this morning and the major US indices are expected to open higher. While this is encouraging, the uncertainty and lack of data on the new variant is concerning. This week, our priority will be to reduce exposure in our DailyPlay portfolio and close trades. We take this opportunity to close out C and EXPE. 

Prakash Vijayanath
Analyst at OptionsPlay