Closing Trades (NFLX, TLT) – October 21st, 2021

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Closing Trades

• NFLX – 2% Loss: Long Nov 19, 2021 635/665/690 Call Butterfly @ $5.39 Credit
• TLT – 51% Gain: Short Nov 26, 2021 146/150 Call Verticals @ $0.73 Debit

DailyPlay Positions Outlook:

This earnings season has been punctuated with sizable moves on both beats and misses. The equity market’s momentum has started to stall and now within 1% of a new all-time high. During this, bonds have continued to sell-off sending yields higher, which will provide a headwind for equities. We are taking this opportunity to close out our NFLX trade which did not pop higher on earnings, and short bonds trade, which have triggered our take profit levels.