DailyPlay – Portfolio Review – November 10, 2025

DailyPlay Portfolio Review

Our Trades

AZN – 12 DTE

Bullish Debit Spread – AstraZeneca PLC (AZN) – The company reported earnings last week, with strong Q3 2025 results. Top-line total revenue was up 11% YTD, supporting full-year high single-digit growth guidance. Bottom-line core EPS rose 15% to $7.04, aligning with low double-digit annual expectations. The position is at a slight gain, but expiration is nearing, so we may need to close early in the week.

BROS – 12 DTE

Bearish Debit Spread – Dutch Bros Inc. (BROS) – This position is showing a solid gain, and we plan to hold for now. The company reported earnings on Wednesday, November 5. Dutch Bros reported Q3 revenue up 25% YoY, with system same shop sales growth of 5.7% and company-operated same shop growth of 7.4%. Management raised 2025 revenue and comp guidance, reaffirmed the 2,029 shop goal by 2029, and highlighted strong early traction from its food program and digital initiatives. With expiration nearing, we may look to close early in the week.

GS – 68 DTE

Bullish Long Call, Goldman Sachs Group, Inc. (GS), we remain bullish on the stock. The cost basis has been reduced by selling a shorter-term call that expired worthless, and we may look to close and capture the gain in the near future as expiration is nearing. If we close in the short term, we may look to open a new longer-term position in GS at a later date.

LMT – 26 DTE

Bullish Credit Spread – Lockheed Martin Corp. (LMT) – This position gave up its recent gains following the company’s strong earnings report. The primary driver appears to be escalating concerns over the ongoing US government shutdown, the longest in history, which has led to delays in defense contracts, budget approvals, and payments for contractors like LMT. We plan to hold the position, expecting that if the shutdown is resolved, the stock could rebound from this week’s decline, though there is a risk we could be stopped out before that happens.

MCHP – 26 DTE

Bearish Debit Spread – Microchip Technology (MCHP) – We established this position ahead of last week’s earnings and plan to maintain it. Shares fell after Q3 results, which met revenue and beat EPS expectations, as weak Q4 guidance signaled ongoing weakness in the analog semiconductor sector.

NEM – 19 DTE

Bullish Debit Spread – Newmont Corporation (NEM) – The stock moved too quickly to the downside for us to close the position, as we only post closing trades overnight. The position is now showing nearly a 100% loss, but with many days still remaining until expiration, we will hold and hope for a recovery given the current situation.

PM – 40 DTE

Bearish Credit Spread – Philip Morris (PM) – Bearish Credit Spread – Philip Morris (PM) – The stock rallied last week on optimism for smoke-free products, but our outlook remains bearish as cigarette volumes decline, transition growth slows, margins compress, and regulations tighten. Technicals show overbought conditions and bearish patterns, indicating potential near-term pullbacks in a volatile sector. We will maintain the position in the short term, with ample time remaining until expiration.

SCHW – 19 DTE & 68 DTE

Bullish Diagonal Debit Spread – Charles Schwab Corp. (SCHW) – We remain bullish on the stock. After realizing gains on our initial long call, we rolled into a higher strike with a longer expiration and later sold a short-term out-of-the-money call to lower our cost basis.