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DailyPlay Taking Profits – AMD, TWLO – January 5th, 2022

Taking Profits

DailyPlay Positions Outlook

The increase in volatility was subdued later in the day with the major indices recovering some of their initial losses. However, Technology stocks were on the backfoot causing the Nasdaq-100 to underperform the S&P 500 and declining 1.3%. While key levels still remain intact for the S&P 500, weakness in the Nasdaq-100 has caused price to once again break below the $400 level. We take this opportunity to close out AMD and TWLO that only have 16 days to expiration. We are closing AMD for a partial profit while TWLO exceeded our initial profit target.  

Prakash Vijayanath

Analyst at OptionsPlay

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Tony Zhang