DailyPlay – Opening Trade (GILD) – August 29, 2025
GILD Bullish Opening Trade Signal Investment Rationale...
Read MoreShopify (SHOP) recently broke out of its trading range and has since pulled back to the $67 support level, offering an attractive risk/reward opportunity for bullish exposure. With an EV-to-forward revenue ratio of 8x, in line with the industry average, Shopify’s valuation is well-supported by its significantly higher earnings per share (EPS) growth of 185% and revenue growth of 21%, compared to the industry. This makes the stock appear fairly valued. As the company is set to announce earnings in early November, we have factored this upcoming event into the selection of our option strategy.
Strategy: Long Call Calendar Spread
Direction: Bullish Long Call Calendar
Details: Buy to Open 7 SHOP Oct 18, 2024/Nov 15, 2024 $85 Call Calendar @ $283.00 Debit per Contract.
Total Risk: This trade has a max risk of $283 (7 Contract x $1,981) based on a hypothetical $100,000 portfolio risking 2%. We suggest using 2% of your portfolio value and divide it by $298 to select the # contracts for your portfolio.
Trend Continuation Signal: Momentum is bullish on SHOP following its recent breakout above the trading range, with expectations that the upward trend will continue.
1M/6M Trends: Bullish/Bullish
Relative Strength: 5/10
OptionsPlay Score: 59
Stop Loss: @ $142 (50% loss to the value of premium)
Use the following details to enter the trade on your trading platform. Please note that whenever there is a multi-leg option strategy, it should be entered as a single trade.
PLEASE NOTE that these prices are based on Friday’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.
GILD Bullish Opening Trade Signal Investment Rationale...
Read MoreNVDA Bullish Opening Trade Signal Investment Rationale...
Read MoreTTWO Bearish Opening Trade Signal Investment Rationale...
Read More
Share this on