DailyPlay – Portfolio Review – December 23, 2024

DailyPlay Portfolio Review

Our Trades

AAPL – 25 DTE

Bearish Credit Spread – Apple Inc. (AAPL) -We are down slightly on the position we recently established, and we plan to stay the course for now while keeping a close watch.

DXCM – 25 DTE

Bullish Debit Spread – DexCom, Inc. (DXCM) – The stock has solid momentum to the upside, and we have a small gain on this position. We plan to stay the course for the time being.

NVDA – 18 DTE

Bullish Call Diagonal Spread – NVIDIA Corporation (NVDA) – We recently rolled the short call leg of our NVDA diagonal position up and out in time, generating a small net credit. With the recent weakness in the stock’s price, we decided to roll the short option again to capture the gain on the short position and bring in additional premium. We will stay the course for now after this second adjustment to the position.

QQQ – 25 DTE

Bullish Long Call – Invesco QQQ Trust (QQQ) – The QQQ and the market have experienced a small pullback following the recent Fed meeting, and the trade is solidly profitable. With sufficient time remaining until expiration, we will maintain the position.

SHOP – 25 DTE

Bullish Debit Spread – Shopify (SHOP) – The position is profitable, and the plan is to stay the course for now.

SQ – 25 DTE

Bullish Debit Spread – Block, Inc. (SQ) – We are down on the position, watching it closely, and may need to exit soon if we don’t see signs of upside potential.

XLF – 32 DTE

Bullish Long Call – Financial Select Sector SPDR ETF (XLF) – We recently broke a downside support level and are currently facing some losses on the position. While we remain cautious about the sector, we may need to sell a call for protection. Keeping a tight watch on this trade.