DailyPlay – Closing Trade (MSFT) & Portfolio Review (AAPL, AMZN) – May 02, 2025

Closing Trades

• MSFT – 95.24% gain: Sell to Close 3 Contracts (or 100% of your Contracts) May 16 $392.5/$410 Call Vertical Spreads @ $15.17 Credit. 
  DailyPlay Portfolio:  By Closing all 3 Contracts, we will receive $4,551. We initially opened these 3 Contracts on April 30 @ $7.77 Debit. Our gain, therefore, is $2,220.

DailyPlay Portfolio Review

Our Trades

After Apple and Amazon released their earnings, we’re closing our option positions today, with only one day left until expiration.

AAPL – 28 DTE

Apple’s stock is expected to open lower, which benefits our Short 195/205 Call Vertical. Each point below the key 205 level improves the position, which is currently near its maximum loss. The maximum risk is limited to 10 points (the width between the strike prices of the spread), offering an attractive risk-reward opportunity if the stock continues to drop. To avoid auto-exercise or assignment notices, and any unwanted stock transactions, be sure to close the position before the market closes today.

AMZN – 0 DTE

Post-earnings, Amazon’s stock is down after hours, which is not favorable for our current bullish Long 190/205/215 Open-Wing Call Butterfly. This position benefits if the stock rallies above the 190 strike. With minimal risk in holding through the day, it may be worth watching the position to see if it can bounce back. However, if any options move in the money, close the position before trading ends to avoid auto-exercise or assignment notices, preventing unwanted stock transactions.