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DailyPlay Taking Profits (TLT) – November 17th, 2021

View Closing Trades

Closing Trades

DailyPlay Positions Outlook:

After a very brief pullback, equities seem to have resumed their trend higher. We maintain our bullish outlook for the major indices for the rest of the year as seasonality and strong earnings provide tailwinds for equities to continue higher. We are taking this opportunity to take profits on our TLT trade as it is very close to being 21 days away from expiration and is oversold in the short term. By taking profits now, we avoid the risk of a potential retracement from oversold levels. 

Prakash Vijayanath
Analyst at OptionsPlay

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