MU Bullish Opening Trade Signal

Investment Rationale

Investment Thesis
Micron Technology (MU) presents a compelling bullish opportunity as a leading semiconductor name poised to benefit from AI-driven memory demand and cyclical recovery in DRAM and NAND pricing. Despite recent macro uncertainty, the stock’s strong relative performance, discounted valuation, and robust growth profile set the stage for continued upside. With shares showing notable strength versus peers and broader markets, MU looks well-positioned to retest prior highs and potentially push toward the $135 level over the coming months.

Technical Analysis
MU recently broke out of a multi-month consolidation range on rising volume and strong momentum, clearing key resistance at the $115 level. The stock is now consolidating just above prior breakout levels and near short-term moving averages, with support developing around 50-day MA near $109. RSI remains neutral near 40, leaving room for renewed upside momentum. The intermediate-term trend remains bullish, with price action well-supported above a rising 200-day MA at $98. A confirmed move through $120 would likely open the door to a continued advance toward the $135 target zone.

Fundamental Analysis
Micron remains substantially undervalued relative to its peers despite sector-leading growth expectations and improving profitability outlook. The company’s long-term investment in high-bandwidth memory and AI-related infrastructure continues to support its revenue pipeline and margin expansion potential.

• Forward PE Ratio: 9.41x vs. Industry Median 27.83x
  
• Expected EPS Growth: 105.94% vs. Industry Median 18.05%
  
• Expected Revenue Growth: 26.78% vs. Industry Median 10.44%
  
• Net Margins: 18.41% vs. Industry Median 10.43%
  

Options Trade
To express a bullish view with defined risk, consider selling the MU Aug 29, 2025 109/104 Put Vertical for a $1.98 credit. This trade generates a maximum profit of $198 if MU stays above $109 through expiration, with a maximum risk of $302 if shares close below $104. The 36-day duration provides a favorable balance between time decay and directional exposure. Given strong support near $109 and overall bullish structure, this short put vertical allows traders to benefit from bullish consolidation while keeping risk limited and probabilities skewed in their favor.

MU – Daily

Trade Details

Strategy Details

Strategy: Short Put Vertical Spread

Direction: Bullish Credit Spread

Details: Sell to Open 6 MU Aug 29, 2025 109/104 Put Verticals @ $1.98 Credit per Contract.

Total Risk: This trade has a max risk of $1,812 (6 Contracts x $302) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $302 to select the # contracts for your portfolio.

Trend Continuation Signal: This is a bullish trade on a stock that is expected to continue higher over the duration of this trade.

1M/6M Trends: Bearish/Neutral

Relative Strength: 4/10

OptionsPlay Score: 92

Stop Loss: @ $3.96 (100% loss of premium)

View MU Trade

Entering the Trade

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 Wednesday’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. 

View MU Trade

NEM Bullish Opening Trade Signal

Investment Rationale

Investment Thesis
Newmont Corporation (NEM) presents a timely bullish opportunity heading into its upcoming earnings report on Thursday, July 24th, after the close. The company stands to benefit from recent strength in gold prices alongside improving operational efficiency, potentially setting the stage for a positive earnings surprise. With the stock demonstrating firm technical momentum and attractive valuation metrics relative to peers, a defined risk/reward call vertical structure positions traders to capture near-term upside if earnings results or guidance exceed conservative market expectations.

Technical Analysis
NEM has been in a strong uptrend since bottoming in early December 2024, with price action now firmly above its 20-day, 50-day, and 200-day moving averages. The recent close at $61.70 marks a breakout above prior near-term resistance at $59, reinforcing the bullish continuation. An RSI reading of 61.87 suggests there is still room for further upside without immediate overbought risk. Additionally, the stock is showing notable relative strength versus both the Materials sector and broader equity indices, as traders position ahead of potential catalysts from earnings and sustained gold market momentum.

Fundamental Analysis
Newmont Corporation continues to trade at a valuation discount while maintaining sector-leading profitability metrics. Key comparative fundamentals include:

• Forward PE Ratio: 13.25x vs. Industry Median 22.23x
• Expected EPS Growth: 10.23% vs. Industry Median 13.83%
• Expected Revenue Growth: 0% vs. Industry Median 4.29%
• Net Margins: 25.77% vs. Industry Median 16.44%

Although revenue growth remains flat versus the industry, strong net margins and earnings growth potential, combined with gold market upside, reinforce the attractiveness of NEM ahead of earnings.

Options Trade
The proposed trade is to buy the NEM Aug 15, 2025, 60/67 call vertical for $268.00. This spread involves buying the $60 call and selling the $67 call for a net debit of $2.68, with a maximum potential reward of $432. The strategy offers a defined risk with approximately 1.6x reward-to-risk ratio if NEM closes at or above $67 by expiry in 23 days. The trade structure capitalizes on bullish momentum while mitigating cost versus buying outright calls, positioning for a continuation of the uptrend driven by earnings strength or a positive macro gold environment.

NEM – Daily

Trade Details

Strategy Details

Strategy: Long Call Vertical Spread

Direction: Bullish Debit Spread

Details: Buy to Open 7 NEM Aug 15 $60/$67 Call Vertical Spreads @ $2.68 Debit per Contract.

Total Risk: This trade has a max risk of $1,876 (7 Contracts x $268) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $268 to select the # contracts for your portfolio.

Trend Continuation Signal: This is a bullish trade on a stock that is expected to continue higher over the duration of this trade.

1M/6M Trends: Bullish/Bullish

Relative Strength: 10/10

OptionsPlay Score: 109

Stop Loss: @ $1.34 (50% loss of premium)

View NEM Trade

Entering the Trade

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 Tuesday’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. 

View NEM Trade

• WMT – 22% gain: Buy to Close 5 Contracts (or 100% of your Contracts) Aug 01 $95/$101 Call Vertical Spreads @ $1.69 Debit. DailyPlay Portfolio:  By Closing 5 Contracts, we will be paying $845. We initially opened these 5 contracts on June 18 @ $2.16 Credit. Our gain, therefore, is $235.
• QCOM – 36% gain: Buy to Close 6 Contracts (or 100% of your Contracts) Aug 15 $150/$145 Put Vertical Spreads @ $1.19 Debit. DailyPlay Portfolio:  By Closing 6 Contracts, we will be paying $714. We initially opened these 6 contracts on July 17 @ $1.87 Credit. Our gain, therefore, is $408.

Closing Trade

• XYZ – 72% gain: Buy to Close 6 Contracts (or 100% of your Contracts) Aug 01 $67/$62 Put Vertical Spreads @ $0.39 Debit. DailyPlay Portfolio:  By Closing 6 Contracts, we will be paying $234. We initially opened these 6 contracts on July 01 @ $1.40 Credit. Our gain, therefore, is $606.

DailyPlay Portfolio Review

Our Trades

GOOGL – 25 DTE

Bullish Debit Spread – Alphabet Inc. (GOOGL) – We recently established this position and plan to stay the course for now. The company is scheduled to report earnings on Wednesday, July 23, after the market closes.

GS – 32 DTE

Bullish Debit Spread – Goldman Sachs Group, Inc. (GS) – The position is showing a modest gain following a strong earnings report from Goldman Sachs. We adjusted the position and realized a gain on the adjustment. With time remaining until expiration, we plan to continue holding the trade.

MS – 39 DTE

Bullish Debit Spread – Morgan Stanley (MS) – Similar to GS, Morgan Stanley delivered a solid quarterly earnings report. However, the stock sold off afterward, and the position is showing a modest loss. With time remaining until expiration, we plan to continue holding the position for now.

QCOM – 25 DTE

Bullish Credit Spread – Qualcomm Inc. (QCOM) – We recently established this position, which is currently showing a modest gain, and we plan to stay the course for now. The company is set to report earnings on Wednesday, July 30, after the market closes.

SCHW – 151 DTE

Bullish Long Call – Charles Schwab Corp. (SCHW) – We maintain a positive outlook, driven by solid company fundamentals and ongoing strength across SCHW and the broader financial sector. The company reported solid earnings, and the stock made a strong upside move following the announcement. We will stay the course for now.

TGT – 25 DTE

Bullish Long Call, Target Corporation (TGT), The position is currently showing a small loss. After breaking through resistance at the 100 level, the stock has been range-bound. A move above 106 would be encouraging, while a close below 100 would be concerning. With decent time until expiration, we’ll maintain the position for now.

TMUS – 32 DTE

Bearish Debit Spread – T-Mobile US, Inc. (TMUS) – We currently have a decent gain on the position, and the company is scheduled to report earnings on Wednesday, July 23, after the market closes. We’ll need to decide whether to close the position before earnings, so we’ll be keeping a close watch at the beginning of the week.

TSLA – 18 DTE

Bearish Debit Spread – Tesla, Inc. (TSLA) – We have a bearish position on TSLA, which is currently down. We adjusted the position, bringing in a net credit and a net gain on the short option we rolled. Price is consolidating in a tight range with light trading volume, indicating a wait for earnings. Tesla’s earnings report, scheduled for Wednesday, July 23, after the close, will be a key catalyst. We plan to stay the course, keep a close eye as the event approaches, and may ride the position through the earnings report.

WMT – 11 DTE

Bearish Credit Spread – Walmart Inc. (WMT) – This bearish position is currently up. The stock built downside momentum last week, closing below both the 20- and 50-day moving averages. For now, we plan to hold steady.

XYZ – 11 DTE

Closing the position at the open.

TSLA Bearish Trade Adjustment Signal

Investment Rationale

Adjustment Rationale:

Our bearish outlook on Tesla, Inc. remains intact. A “Bearish Trend Following” alert was recently triggered in the OptionsPlay platform, highlighting that Tesla’s recent rally occurred within a longer-term downtrend, offering a potentially favorable risk/reward setup for a bearish trade. We are maintaining our position as the stock tests key moving averages (20-, 50-, and 200-day) and continues to consolidate in a narrow range. Trading volume remains light, suggesting caution ahead of Tesla’s earnings report, scheduled for Wednesday, July 23rd, after the market closes. With 21 days left until expiration, we plan to manage risk proactively by rolling the short leg of the spread up in strike for a net credit, helping to reduce overall exposure. We will continue to monitor price action closely as earnings draw near.

Adjustment Trade

TSLA @ $319.41

Days to Expiration (DTE): 21

BUY TO CLOSE 1 Aug 08, 2025 245 Put @ $1.04 

SELL TO OPEN 1 Aug 08, 2025 270 Put @ $2.48

Mid: $1.44 

Premium Received: $1.44 net credit

or $144.00 for the adjustment trade

TSLA – Daily

Trade Details

Strategy Details

Strategy: Rolling a Short Put option up in strike

Direction: Resulting in a new Bearish Debit Spread

Details: Buy to Close 1 TSLA Aug 08 $245 Puts @ $1.04 and Sell to Open 1 TSLA Aug 08 $270 Puts @ $2.48

Total Risk: The resulting position has a maximum risk of $1,512 (1,656-144), calculated as the initial cost basis of the spread purchased ($1,656) minus the premium received from the adjustment ($144)

Trend Continuation Signal: This is a bearish trade on a stock that is expected to continue lower off a recent area of resistance.

1M/6M Trends: Neutral/Neutral

Relative Strength: 2/10

Stop Loss: @ $7.56 (50% loss of premium)

Entering the Trade

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 Thursday’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. 

QCOM Bullish Opening Trade Signal

Investment Rationale

Investment Thesis
QUALCOMM (QCOM) presents a compelling bullish setup ahead of its earnings report on July 30, 2025. The company has outperformed consensus estimates for four consecutive quarters, highlighting operational consistency and execution strength. With sentiment modest and valuation attractive, QCOM offers upside potential into earnings season, supported by strong profitability metrics and a conservative multiple relative to peers. The recent pullback provides an entry point for bullish positioning through defined-risk strategies that benefit from the stock remaining above key support levels.

Technical Analysis
A bullish trend-following signal has emerged as QUALCOMM, Inc. has recently experienced a pullback within a broader uptrend that may provide favorable risk/reward for bullish trades. The stock is currently consolidating above the $150 level, holding the 50-day moving average ($152.86) with the 20-day just overhead at $157.01. While RSI is neutral at 45.57, price action remains constructive, and continued stability above $150 suggests buyers are defending trend support and positioning for another leg higher.

Fundamental Analysis
QUALCOMM continues to exhibit solid profitability and relative value in the semiconductor space, despite facing slower expected growth than the broader industry. Its lean valuation and best-in-class margins suggest the company is well-positioned for upside re-rating, particularly if it delivers another earnings beat.

• Forward PE Ratio: 12.89x vs. Industry Median 25.82x
  
• Expected EPS Growth: 5.54% vs. Industry Median 11.18%
  
• Expected Revenue Growth: 4.73% vs. Industry Median 11.62%
  
• Net Margins: 26.11% vs. Industry Median 5.98%
  

Options Trade
Sell the QCOM Aug 15, 2025 150/145 Put Vertical for a $1.68 credit. This trade profits if QCOM remains above $150 at expiration, aligning with the view that the stock holds its current base into and post-earnings. Max profit is $168 per spread, with a defined max loss of $332, offering a 50.6% return on risk. The $150 short strike provides a technical cushion just below recent support, while the August expiry allows time for post-earnings momentum to play out. This is a high-probability income trade with favorable risk/reward.

QCOM – Daily

Trade Details

Strategy Details

Strategy: Short Put Vertical Spread

Direction: Bullish Credit Spread

Details: Sell to Open 6 QCOM Aug 15 $150/$145 Put Vertical Spreads @ $1.68 Credit per Contract.

Total Risk: This trade has a max risk of $1,992 (6 Contracts x $332) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $332 to select the # contracts for your portfolio.

Trend Continuation Signal: This is a bullish trade on a stock that is expected to continue higher over the duration of this trade.

1M/6M Trends: Mildly Bearish/Mildly Bullish

Relative Strength: 3/10

OptionsPlay Score: 92

Stop Loss: @ $3.36 (100% loss to value of premium)

View QCOM Trade

Entering the Trade

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 Wednesday’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. 

View QCOM Trade

Closing Trade

• USO – 47% loss: Buy to Close 6 Contracts (or 100% of your Contracts) Aug 01 $80/$74 Put Vertical Spreads @ $3.84 Debit. 
  DailyPlay Portfolio:  By Closing 6 Contracts, we will be paying $2,304. We initially opened these 6 contracts on June 20 @ $2.62 Credit. Our loss, therefore, is $122 per contract.

GOOGL Bullish Opening Trade Signal

Investment Rationale

Investment Thesis
Alphabet Inc. (GOOGL) remains well-positioned ahead of its upcoming earnings release on Wednesday, July 23rd, after market close. Despite ongoing regulatory challenges, the company continues to deliver strong operational performance and strategic execution across its core businesses. Its AI integration across search, cloud, and emerging technologies positions it for sustained double-digit growth, while its $70 billion buyback authorization and growing dividend provide immediate shareholder returns. Overall, Alphabet’s combination of scale, innovation, and capital returns underpins a constructive outlook for the stock in the second half of 2025.

Technical Analysis
The recent price action of Alphabet Inc. (GOOGL) suggests that bullish momentum is building. The stock is trading above its 200-day moving average, indicating a long-term uptrend. The 20-day moving average has crossed above the 200-day moving average, forming a golden cross, which is a bullish signal. The Relative Strength Index (RSI) is at 58, suggesting room for further upward momentum without being overbought. Additionally, the recent breakout above resistance at $175.34 has been accompanied by strong volume, highlighting solid buying interest. These technical factors point to a bullish trajectory for GOOGL as the company approaches its earnings release.

Fundamental Analysis
Alphabet’s valuation remains attractive, trading slightly below the industry median despite its superior profitability profile. Robust expected EPS and revenue growth highlight the strength of its diversified business model, while net margins well above peers demonstrate strong operating leverage and disciplined capital allocation. Management’s ability to maintain elevated margins amid regulatory and macro headwinds reinforces Alphabet’s position as a durable, high-quality compounder with significant long-term upside potential.

• Forward PE Ratio: 18.79x vs. Industry Median 19.15x
  
• Expected EPS Growth: 17.4% vs. Industry Median 10.3%
  
• Expected Revenue Growth: 12.1% vs. Industry Median 8.7%
  
• Net Margins: 30.86% vs. Industry Median 6.28%
  

Options Trade
Consider the August 29th 180/210 call vertical for $867. This trade risks $867 to potentially gain $2,133 if GOOGL closes above $210 at expiry, offering an attractive 2.5:1 reward-to-risk setup. The vertical spread structure provides defined risk while benefiting from potential earnings momentum and longer-term AI-driven growth catalysts.

GOOGL – Daily

Trade Details

Strategy Details

Strategy: Long Call Vertical Spread

Direction: Bullish Debit Spread

Details: Buy to Open 2 GOOGL Aug 29 $180/$210 Call Vertical Spreads @ $8.67 Debit per Contract.

Total Risk: This trade has a max risk of $1,734 (2 Contracts x $867) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $867 to select the # contracts for your portfolio.

Trend Continuation Signal: This is a bullish trade on a stock that is expected to continue higher over the duration of this trade.

1M/6M Trends: Bullish/Bullish

Relative Strength: 4/10

OptionsPlay Score: 100

Stop Loss: @ $4.34 (50% loss of premium)

View GOOGL Trade

Entering the Trade

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 Tuesday’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. 

View GOOGL Trade

MS Bullish Opening Trade Signal

Investment Rationale

Investment Thesis:
Morgan Stanley (MS) offers an attractive bullish setup heading into its Q2 earnings report on Wednesday, July 16th, before the market open. With equity markets hovering near all-time highs and a resurgence in capital markets activity, MS is well-positioned to capitalize on strength across both its institutional advisory and wealth management franchises. The stock trades at a relative valuation discount while delivering consistent margin strength, creating a favorable backdrop for multiple expansion. Near-term catalysts include rising asset prices, recovering deal volumes, and the potential for a beat-and-raise earnings print.

Technical Analysis:
Morgan Stanley continues to trade in a well-defined uptrend, holding above all key moving averages with the 20-day MA providing consistent support. The stock cleared major resistance at $140 earlier this month and has since been consolidating just below its record high of $145.16, set on July 7th. Momentum remains strong, with an RSI near 70 and improving relative strength, suggesting bullish conditions without signaling exhaustion. A strong earnings report could serve as a breakout trigger, propelling the stock into new highs with an intermediate target near $160. Initial support sits at $138, aligning with both the 20-day MA and recent breakout level.

Fundamental Analysis:
Morgan Stanley trades at a discount to peers while maintaining robust profitability, particularly in net margins where it outperforms the industry. Although its growth metrics are slightly below average, the firm’s balanced revenue streams and consistent operating leverage support durable earnings power.

• Price to Book (PB) Ratio: 2.38x vs. Industry Average 4.29x
  
• Expected EPS Growth: 9.05% vs. Industry Average 11.9%
  
• Expected Revenue Growth: 6.84% vs. Industry Average 7.01%
  
• Net Margins: 27.38% vs. Industry Average 21.10%
  

MS’s ability to sustain above-average margins highlights management’s discipline and efficiency, key differentiators amid evolving macro conditions.

Options Trade:
Buy the MS Aug 29, 2025 $140/$160 Call Vertical for $6.88. This defined-risk spread targets a continued move higher post-earnings, offering a maximum profit of $1,312 if the stock closes above $160 at expiration. With MS currently trading near $144, the $140 strike is already in the money, providing positive delta and directional exposure while capping the premium cost. The structure delivers a favorable 1.9:1 reward-to-risk ratio, making it a capital-efficient way to express bullish conviction into and beyond the earnings event.

MS – Daily

Trade Details

Strategy Details

Strategy: Long Call Vertical Spread

Direction: Bullish Debit Spread

Details: Buy to Open 2 MS Aug 29 $140/$160 Call Vertical Spreads @ $6.88 Debit per Contract.

Total Risk: This trade has a max risk of $1,376 (2 Contracts x $688) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $688 to select the # contracts for your portfolio.

Trend Continuation Signal: This is a bullish trade on a stock that is expected to continue higher over the duration of this trade.

1M/6M Trends: Bullish/Bullish

Relative Strength: 9/10

OptionsPlay Score: 106

Stop Loss: @ $3.44 (50% loss of premium)

View MS Trade

Entering the Trade

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 Monday’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. 

View MS Trade

DailyPlay Portfolio Review

Our Trades

GS – DTE 40 

Bullish Debit Spread – Goldman Sachs Group, Inc. (GS) – The position, opened recently, is showing a modest gain. Goldman Sachs is scheduled to report earnings on Wednesday, July 16th, before the market opens. We plan to maintain the trade and will likely carry it through the announcement.

SCHW – DTE 159 

Bullish Long Call – Charles Schwab Corp. (SCHW) – We maintain a positive outlook, driven by solid company fundamentals and ongoing strength across SCHW and the broader financial sector. The company is scheduled to report earnings on Friday, July 18th, before the market opens.

TGT – 33 DTE

Bullish Long Call – Target Corporation (TGT) – The position is currently at a small loss. After breaking through resistance at the 100 level, the stock has been range-bound. A move above 106 would be encouraging, while a close below 100 would be concerning. With ample time until expiration, we’ll maintain the position, as the potential for further upside is still intact.

TMUS – 40 DTE

Bearish Debit Spread – T-Mobile US, Inc. (TMUS) – We recently established this position and plan to stay the course for now. The stock has struggled to hold above the 20-day moving average and is currently trading below both the 50- and 200-day moving averages, signaling continued weakness. We currently have a slight gain on the position. The company is scheduled to report earnings on Wednesday, July 23, after the market closes.

TSLA – 26 DTE

Bearish Debit Spread – Tesla, Inc. (TSLA) – We recently established a bearish position on TSLA, which is currently down. We intend to hold for now, anticipating continued pressure. The stock is testing critical moving averages (20-, 50-, and 200-day), with price consolidating in a tight range and trading volume light, indicating a wait for earnings. Tesla’s earnings report, scheduled for Wednesday, July 23rd, after the close, will be a key catalyst. We plan to stay the course, keep a close eye as the event approaches, and may ride the position through the earnings report.

USO – 19 DTE

Bullish Credit Spread – United States Oil Fund, LP (USO) – The position is currently down, and we’re keeping a close eye on oil prices following the OPEC International Seminar on July 9 and 10. Oil has been trending upward since the event. With plenty of time remaining until expiration, we plan to stay the course and see if the momentum can continue.

WMT – 19 DTE

Bearish Credit Spread – Walmart Inc. (WMT) – This bearish position is currently down, but the stock showed downside momentum last week, closing below both the 20- and 50-day moving averages. For now, we plan to hold steady.

XYZ – 19 DTE

Bullish Credit Spread – Block, Inc. (XYZ) – Block had been steadily building upside momentum, trading above both its 20- and 50-day moving averages. However, the stock ran into resistance at the 200-day moving average near the 71 level and pulled back to close the week lower. The position is currently down, but the broader setup still appears solid. We plan to stay the course for now.

ABNB – 0.37% loss: Buy to Close 3 Contracts (or 100% of your Contracts) July 25 $138/$130 Put Vertical Spreads @ $2.69 Debit. 
DailyPlay Portfolio:  By Closing 3 Contracts, we will be paying $807. We initially opened these 3 contracts on June 13 @ $2.68 Credit. Our loss, therefore, is $1 per contract.