DailyPlay – Portfolio Review & Closing Trade (AZN) – December 2, 2024

Closing Trade

• AZN – 90% gain: Sell to Close 8 Contracts (or 100% of your Contracts) Dec 20 $62/$69 Call Vertical Spreads @ $5.16 Credit. DailyPlay Portfolio:  By Closing all 8 Contracts, we will receive $4,128  We initially opened these 8 Contracts on November 20 @ $2.71 Debit. Our gain on this trade, therefore, is $1,960 which is almost 2% gain on our total portfolio.

DailyPlay Portfolio Review

Our Trades

AMZN – 46 DTE

Bullish Debit Spread – Since Amazon.com Inc. (AMZN) reported earnings, the stock has experienced wild price swings but has remained range-bound. It is currently at a resistance level around 207. We remain bullish and will continue monitoring the position closely.

AZN – 18 DTE

Bullish Debit Spread – We are closing this position today for a profit.

DIS – 46 DTE

Bullish Debit Spread – We just established this position and plan to stay the course.

INTC – 46 DTE

Bullish Debit Spread – We are currently down on the trade, but with ample time remaining until expiration, we will stay the course. The position still presents an opportunity for further upside toward our $30 target.

LULU – 4 DTE

Bullish Debit Spread – The stock has reached our upside target and is trading five points above our short call strike at the 320 level, giving us a decent profit on the trade. However, the company is expected to announce earnings on Thursday, December 5th, after the close. The implied volatility of our short option has surged, and now theta is our best friend. We will monitor the position closely, allowing theta decay to help with the position, and will most likely close it before the earnings announcement to avoid the risks the announcement may bring.

NVDA – 11 DTE

Bullish Call Diagonal Spread –  We just established this position and plan to stay the course.

QQQ – 46 DTE

Bullish Calls – We are currently down on the trade, but with ample time remaining until expiration, we will stay the course.

SHOP – 46 DTE

Bullish Debit Spread – The position is profitable, and the plan is to stay the course for now.

XLF – 46 DTE

Bullish Calls – We have a profit in our long call position in the financial sector and see more potential upside. Therefore, we will stay the course for now.