DailyPlay – Portfolio Review – September 30, 2024

DailyPlay Portfolio Review

Our Trades

ABBV – 32 DTE

Bearish Puts – Our immediate downside target for ABBV is $182, but if we breakout above $200 we would cut losses and move on. So far it is still holding below its $195 support and maintains its downside potential as it continues to underperform relative to the market. 

ALL – 18 DTE

Bullish Credit Spread – Allstate Corp. (ALL) remains in a moderately bullish trend, supported by strong fundamentals, so we’re staying the course with our position.

SHOP – 18 DTE

Bullish Calendar Spreads – Shopify (SHOP) remains bullish after its recent breakout, with expectations of continued upward momentum. With earnings set for early November, we’ve factored this into our option strategy and are staying the course.

XOM- 32 DTE

Bearish Credit Spread – Exxon Mobil Corp. (XOM) remains below the $117 resistance level and continues to drift lower, so we’re staying the course with our position.

DHI- 5 DTE

Bullish Calls and Combo – If you have not closed both positions yet, please do so today.