DailyPlay Closing Trade (PDD) – November 8th, 2021

Closing Trades

• PDD– 53% Gain: Short Dec 3, 2021 93/104 Call Vertical @ $1.85 Debit

After some consolidation, PDD broke down lower towards the end of last week and managed to break below the $84 minor support level. This move meant that PDD reached our take profit level and with only 25 days to expiration, we take this opportunity to close this trade for a 53% profit. 

Prakash Vijayanath
Analyst at OptionsPlay