DailyPlay – Portfolio Review – August 11, 2025
DailyPlay Portfolio Review Our Trades GOOGL – 25 DTE...
Read MoreStrategy: Short Put Vertical Spread
Direction: Bullish
Details: Sell to Open 4 Contracts Nov. 18th $176/$168 Put Vertical Spreads @ $3.07 Credit.
Total Risk: This trade has a max risk of $1,972 (4 Contracts x $493).
Counter Trend Signal: This is a Bullish trade on a stock that is experiencing a bearish trend.
1M/6M Trends: Bearish/Bearish
Technical Score: 3/10
OptionsPlay Score: 88
Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade.
Please note these prices are based on the previous day’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. This will be reflected in the Portfolio tab within the OptionsPlay platform.
Stocks started sharply higher yesterday on follow-through buying from Monday, as there’s been a decided bullish sentiment shift this week. Despite a few attempts to knock them down over the course of Tuesday’s session, sellers couldn’t even get them down to unchanged, and the SPX tacked on another 1.14% while the Nasdaq 100 added 77 bps.
As I wrote in yesterday’s DP, yes, one should be doing some buying after the liftoff from last week’s new 2022 lows. Though we haven’t seen the mid-3400s level I wanted to be a buyer at, I do respect the slew of daily -13s; the weekly Setup -9 (that will only actually be marked if Friday’s close is less than 3693); and the monthly Setup -9 that exists (so long as the Oct. 31 close is less than 3785).
Today, let’s look to a new long idea in the very beaten down semiconductor space. When I look at the VanEck Semiconductor ETF (SMH), we see both a weekly Setup -9 that has precisely held support right at its weekly TDST Line at $169.24 on last week’s low. Thus, we’ll look to sell a Nov. 18th $176/$168 put spread, looking for this to hold up above those lows for the next month. This spread collects 38% of its 8-point strike differential (based upon Tuesday’s closing mid price of $3.08.)
SMH – Weekly
Also, a reminder to cover the remaining 2 SRE Oct. 21 $165/$145 put spreads on any day this week that going into the NYSE 4pm ET close is above $146.46.
And, let’s cover our last remaining DHR short $165/$182.5 call spread that expires on Friday. The stock is near our short strike so it’s time to exit.
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