DailyPlay – Portfolio Review – August 11, 2025
DailyPlay Portfolio Review Our Trades GOOGL – 25 DTE...
Read MoreStrategy: Call Debit Spread
Strategy Direction: Bullish
Details: Buy to open April 29, 2022 $74/$78 Call Vertical @ $1.40 Debit
Counter Trend Signal: This is a bullish strategy on a stock or ETF that is experiencing a bearish trend.
1M/6M Trends: Bearish/Bearish
Technical Score: 5/10
OptionsPlay Score: 111
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.
This major consumer products name has gone nowhere for 18 months, but it has continuously traded from the top to the bottom of its range. It’s on its third weekly Setup -9 count of the consolidation, with the prior two nicely calling the bottoms. Last week made even a lower low to the range, but it now met its 200-WMA along with the lowest weekly RSI reading in years. We put that all together to make a bullish call here, buying the April 29th $74/$78 call vertical spread for a net cost of $1.40 based on Monday’s closing mid prices. We are paying about 35% of the $4 strike differential to make a max profit of $2.60.
DailyPlay Portfolio Review Our Trades GOOGL – 25 DTE...
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