DailyPlay Taking Profits (WMT) – December 3rd, 2021

Closing Trades

• WMT – 69% Gain: Short Dec 31, 2022 $143/$148 Call Vertical @ $0.55 Debit

DailyPlay Positions Outlook:

As systemic risks continue to rise due to the ambiguity of the new Omicron variant, we have taken a hands-off approach with the DailyPlay positions this week. Market volatility remains high with the VIX reaching 30 twice this week and with Non-Farm Payroll data being released today, we expect more volatility to end the week. While equities did recover yesterday, downside risks remain and the uncertainty of the new variant has not changed. We take this opportunity to take profits on the WMT trade that was opened this week. 

Prakash Vijayanath
Analyst at OptionsPlay