DailyPlay – Adjusting Trade (GS) & Closing Trade (FSLR, CRWD) – August 08, 2025
Closing Trade GS Bullish Trade Adjustment Signal...
Read MoreAs Morgan Stanley bounces off our $97 support level based on our trade thesis and has now broken above its $100 resistance level, it’s time to roll out Put Credit Spread and lock in some profits and look for further upside from earnings. We’ll close our Aug 2 $97/92 Put Vertical and roll it out to the Aug $100/95 Put Vertical @ $0.98 Net Credit ($2.15 – $1.17). This would lock in about $1.00 per share worth or profits while continuing to seek bullish exposure in MS.
We Roll this Trade by Closing the existing Trade and Opening a new one.
MS – Daily
Strategy: Short Put Vertical Spread
Direction: Bullish Credit Spread
Details: Sell to Open 7 Contracts August 16th $100/$95 Put Vertical Spreads @ $2.15 Credit per Contract.
Total Risk: This trade has a max risk of $1,995 (7 Contracts x $285) based on a hypothetical $100,000 portfolio risking 2%. We suggest using 2% of your portfolio value and divide it by $285 to select the # contracts for your portfolio.
Trend Continuation Signal: This is a bullish trade on a stock that bounced higher off support and is expected to continued higher.
1M/6M Trends: Bullish/Bullish
Relative Strength: 8/10
OptionsPlay Score: 111
Stop Loss: @ $4.30 Debit. (100% loss to the value of premium)
Use the following details to enter the trade on your trading platform. Please note that whenever there is a multi-leg option strategy, it should be entered as a single trade.
PLEASE NOTE that these prices are based on Monday’s closing prices. Should the underlying move significantly during the pre-market hours, we will likely adjust the strikes and prices to reflect a more accurate trade entry.
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