DailyPlay – Adjusting Trade (GS) & Closing Trade (FSLR, CRWD) – August 08, 2025
Closing Trade GS Bullish Trade Adjustment Signal...
Read MoreStrategy: Long Call
Direction: Bullish
Details: Buy to Open 26 Contracts Oct 20th $19 Calls @ $0.78 Debit per contract.
Total Risk: This trade has a max risk of $2,028 (26 Contracts x $78) based on a hypothetical $100,000 portfolio risking 2%. We suggest using 2% of your portfolio value and divide it by $78 to select the # shares for your portfolio.
Counter Trend Signal: This stock is bearish but is expected to bounce higher off support.
1M/6M Trends: Bearish/Bearish
Technical Score: 4/10
OptionsPlay Score: 87
Stop Loss: @ $0.35 Credit (50% loss).
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.
Investment Rationale
Despite reporting record profits across the airline industry, the JETS ETF has pulled back 16% over the past month and a half on the back of contagion out of China. However, travel demand and revenue numbers in the airlines do not reflect the steep declines. I think this is an opportunity to play for a bounce with an attractive risk/reward for long exposure. With options relatively inexpensive, I’m going to use a simple call option to play for upside. Buy Oct $19 Calls @ $0.78 Debit. With a hypothetical portfolio of $100,000, I recommend risking 2% of the portfolio’s value on this trade, which is 26 Contracts for a risk of $2,028. We will set our stop loss on the entire position to 50% of the premium paid of $0.35 Credit.
JETS – Daily
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