OptionsPlay DailyPlay Ideas Menu – March 13th, 2026

💰 The Income Generators (High Probability, Cash Flow)

• DVN: Bullish Put Spread capitalizing on rising natural gas demand and projected production growth from low-cost U.S. shale assets.
• MPC: Bullish Put Spread acting as a strategic energy play from our Iran War Oil & Gas Research, leveraging domestic refining strength amid geopolitical supply concerns.

🚀 The Growth Seekers (Higher Risk, Max Reward)

• (No trades in this category today)

🛡️ The Portfolio Protectors (Hedges & Bearish Bets)

• COIN: Bearish Call Spread hedging against a lofty 56 forward P/E valuation and historical vulnerability to crypto market downturns.

1. DVN ($46.19) – Premium Production

• The Trade: Sell to Open the DVN Apr 24, 2026 46/42 Put Vertical @ $1.41 Credit.
  • 🟢 BUY TO OPEN Apr 24, 2026 42 Put @ $1.23
  • 🔴 SELL TO OPEN Apr 24, 2026 46 Put @ $2.64
• Trade Metrics: POP: 56.59% | Collect $141.00 per contract vs. a Max Risk of $259.00 (1.8:1).
• The Why: Highlighted on our Equity Research Watchlist as a premier natural gas producer, Devon Energy is perfectly positioned to capitalize on rising demand through its low-cost U.S. shale assets and significant production growth projected through 2026.
• The Technicals: DVN exhibits a strong Bullish Trend (1M & 6M) with maximum Relative Strength (10/10), presenting a high-probability setup to sell premium as it consolidates above major support near $41.57.
• Management:
  • Stop Loss: Buy back the spread at $2.82 (100% of credit received).
  • Take Profit: Buy back the spread at $0.70 (50% of max gain).

2. MPC ($230.07) – Refining the Geopolitical Edge

• The Trade: Sell to Open the MPC Apr 17, 2026 230/210 Put Vertical @ $7.35 Credit.
  • 🟢 BUY TO OPEN Apr 17, 2026 210 Put @ $4.10
  • 🔴 SELL TO OPEN Apr 17, 2026 230 Put @ $11.45
• Trade Metrics: POP: 57.06% | Collect $735.00 per contract vs. a Max Risk of $1,265.00 (1.7:1).
• The Why: Sourced directly from our Iran War Oil & Gas Research Watchlist, Marathon Petroleum provides strategic portfolio exposure to domestic refining strength amid potential global supply disruptions and escalating Middle East tensions.
• The Technicals: Displaying a powerful Bullish Trend (1M & 6M) with 10/10 Relative Strength, the stock has recently experienced a short-term CCI dip, offering an optimal dip-buying opportunity above the $210.68 support level.
• Management:
  • Stop Loss: Buy back the spread at $14.70 (100% of credit received).
  • Take Profit: Buy back the spread at $3.68 (50% of max gain).

3. COIN ($193.25) – Fading the Crypto Rally 

• The Trade: Sell to Open the COIN Apr 24, 2026 195/215 Call Vertical @ $7.78 Credit.
  • 🔴 SELL TO OPEN Apr 24, 2026 195 Call @ $18.58
  • 🟢 BUY TO OPEN Apr 24, 2026 215 Call @ $10.80
• Trade Metrics: POP: 63.07% | Collect $778.00 per contract vs. a Max Risk of $1,222.00 (1.6:1).
• The Why: Coinbase is currently trading at a lofty forward P/E of 56 and historically exhibits significant weakness during crypto market downturns, making its current valuation highly vulnerable to bearish corrections.
• The Technicals: The stock is in a longer-term Bearish Trend (6M) with Very Weak Relative Strength (2/10), and has recently experienced a counter-trend rally that provides a favorable risk/reward setup to sell resistance.
• Management:
  • Stop Loss: Buy back the spread at $15.56 (100% of credit received).
  • Take Profit: Buy back the spread at $3.89 (50% of max gain).