DailyPlay – Portfolio Review & Closing Trade (DEO) – April 8, 2024

Closing Trade

• DEO – 60.63% loss: Sell to Close 4 Contracts (or 100% of your Contracts) April 19th $145/$155 Call Vertical Spreads @ $2.00 Credit. DailyPlay Portfolio: By Closing all 4 Contracts, we will receive $800. We opened these 4 Contracts on March 8 @ $5.08 Debit. The average loss, therefore, is $308 per contract, with a total loss of just over 1% of our Portfolio.

DailyPlay Portfolio Review

Our Trades

BMY – 39 DTE

Bullish Debit Spread – Our key level is $53, if this level fails over the next few trading days, we will likely look to cut our position. 

CSX – 18 DTE

Bearish Debit Spread – This trade is moving in our direction and we will closely monitor it over the next few days, to potentially add more exposure.

DEO – 11 DTE

Bullish Debit Spread – We are closing this position today as it has hit our stop loss level of 50% loss.

EL – 39 DTE

Bullish Debit Spread – A break and close above $150 would confirm our bullish thesis on this trade, so the next few days will be decisive. 

FTNT – 39 DTE

Bullish Debit Spread – A break and close above $72 would confirm our bullish thesis for this trade. We will keep a close eye on this position.

INTC – 39 DTE

Bearish Debit Spread – We recently added more exposure to this trade and we are up over 40%. As it is a Debit Spread, we will aim to close this position at around 100% gain.