Closing Trade

• GOOGL – 54% gain: Buy to Close 3 Contracts (or 100% of your Contracts) Nov 28 $270/$260 Put Vertical Spreads @ $1.86 Debit. DailyPlay Portfolio:  By Closing 3 Contracts, we will be paying $558. We initially opened these 3 contracts on October 30 @ $4.05 Credit. Our gain, therefore, is $657.

Closing Trade

• META – 50% loss: Buy to Close 1 Contract (or 100% of your Contracts) Dec 19 $750/$700 Put Vertical Spreads @ $40.61 Debit. DailyPlay Portfolio:  By Closing 1 Contract, we will be paying $4,061. We initially opened this position on October 7 @ $11.10 Debit and rolled it on October 29, realizing a $4.62 gain from the initial trade and entering a new short put at $20.35 per contract. Our net loss, therefore, is $1,564 per contract.

DailyPlay Portfolio Review

Our Trades

AZN – 18 DTE

Bullish Debit Spread – AstraZeneca PLC (AZN) – This position is currently showing a loss, and we plan to maintain it for now. The company is set to release its earnings report on Thursday, November 6th, before the open.

BROS – 18 DTE

Bearish Debit Spread – Dutch Bros Inc. (BROS) – This position is showing a minor gain, and we plan to hold it for now. The company is approaching its upcoming earnings report on Wednesday, November 5, after the close.

GOOGL – 25 DTE

Bullish Credit Spread – Alphabet Inc. (GOOGL) – Alphabet recently reported earnings that exceeded both revenue and profit expectations. The stock has built up bullish momentum ever since the announcement, and we plan to stay the course.

GS – 74 DTE

Bullish Long Call – Goldman Sachs Group, Inc. (GS) – We remain bullish on the stock over the longer term and intend to hold the position. The cost basis has been reduced by selling a shorter-term call that expired worthless, and we may look to sell another call in the near future.

LMT – 32 DTE

Bullish Credit Spread – Lockheed Martin Corp. (LMT) – This position, which we recently opened, is showing a solid gain. The company’s recent strong third-quarter earnings report reinforced our bullish outlook. We plan to hold the position and may look to roll up if strength continues.

META – 46 DTE

Bullish Credit Spread – Meta Platforms, Inc. (META) – We are closing the position today.

NEM – 25 DTE

Bullish Debit Spread – Newmont Corporation (NEM) – The stock moved too quickly to the downside for us to close the position, as we only post closing trades overnight. The position is now showing nearly a 100% loss, but with many days still remaining until expiration, we will hold and hope for a recovery given the current situation.

RIVN – 32 DTE

Bearish Long Put – Rivian Automotive Inc. (RIVN) – We recently opened this position, which is currently showing a loss, and we plan to maintain it for now. Rivian is set to report earnings on Tuesday, November 4th, after the close, and the setup into the event remains bearish.

SCHW – 25 DTE & 74 DTE

Bullish Diagonal Debit Spread – Charles Schwab Corp. (SCHW) – Schwab reported solid earnings that exceeded both revenue and profit expectations. We remain bullish on the stock. After realizing gains on our initial long call, we rolled into a higher strike with a longer expiration and later sold a short-term out-of-the-money call to lower our cost basis.

RIVN Bearish Opening Trade Signal

Investment Rationale

Investment Thesis
Rivian Automotive, Inc. (RIVN) is set to report earnings on Tuesday, November 4, 2025, after the close, and the setup into the event remains distinctly bearish. Despite a modest delivery beat in the prior quarter, the reduction in full-year delivery guidance signals a more cautious management tone and suggests potential demand headwinds. A series of analyst downgrades and lower price targets in recent weeks have compounded the negative sentiment, with consensus expectations indicating limited upside into the print. Meanwhile, the combination of persistent losses, inventory drawdowns used to sustain deliveries, and the gradual expiration of industry incentives point toward continued structural challenges rather than improvement. Together, these factors suggest the upcoming report could act as a catalyst for renewed downside momentum.

Technical Analysis
The stock continues to exhibit technical deterioration, with price action confirming that bearish momentum remains intact following a brief rebound attempt. The breakdown below key moving averages highlights weakening structure, as shares now trade beneath their 20-day, 50-day, and 200-day moving averages. Notably, inside the OptionsPlay platform yesterday, a “CCI Rally in Bearish Trend” alert was generated, signaling a short-term momentum bounce within a broader downtrend, often a precursor to renewed selling pressure once the relief rally fades. With both the 1-month and 6-month trends turning negative, the technical landscape remains aligned with a sustained bearish bias into earnings.

Fundamental Analysis
Rivian’s fundamentals continue to reflect margin compression, rising costs, and limited operating efficiency despite strong top-line expansion. The narrowed delivery outlook and heavy dependence on inventory reductions underscore imbalance between production and end-market demand. Investor confidence has weakened amid persistent losses and valuation compression risks within the EV sector. The data below highlights the company’s ongoing profitability concerns relative to peers:

• Forward PE Ratio: -4.84x vs. Industry Median 10.65x
• Expected EPS Growth: 19.06% vs. Industry Median 9.70%
• Expected Revenue Growth: 32.58% vs. Industry Median 3.57%
• Net Margins: -69.87% vs. Industry Median 2.92%

These metrics reinforce the warning that, while growth remains elevated, profitability metrics remain negative and unsustainable without a major cost structure improvement.

Options Trade
A practical bearish approach is to purchase the RIVN Dec 5, 2025 $14 Put, currently priced around $1.71. This trade provides straightforward downside exposure with clearly defined risk both into and after the earnings release. The maximum loss is capped at the $171 premium per contract, while the position offers meaningful upside potential if the stock continues to weaken. The structure also allows flexibility, traders can capture gains ahead of earnings if selling pressure builds, or maintain the position through the report should bearish momentum and sentiment persist.

RIVN – Daily

Trade Details

Strategy Details

Strategy: Long Put

Direction: Bearish Put

Details: Buy to Open 11 RIVN Dec 05 $14 Puts @ $1.71 Debit per Contract.

Total Risk: This trade has a max risk of $1,881 (11 Contracts x $171) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $171 to select the # contracts for your portfolio.

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

1M/6M Trends: Bearish/Bearish

Relative Strength: 2/10

OptionsPlay Score: 104

Stop Loss: @ $0.86 (50% loss of premium)

View RIVN 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 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. 

View RIVN Trade

Closing Trade

• KR – 45% gain: Buy to Close 10 Contracts (or 100% of your Contracts) Nov 07 $67/$70 Call Vertical Spreads @ $0.56 Debit. DailyPlay Portfolio:  By Closing 10 Contracts, we will be paying $560. We initially opened these 10 contracts on October 02 @ $1.02 Credit. Our gain, therefore, is $460.

GOOGL Bullish Opening Trade Signal

Investment Rationale

Investment Thesis
Alphabet Inc. (GOOGL) continues to demonstrate strong momentum following its latest earnings beat, reinforcing confidence in the company’s long-term growth trajectory. The 16% year-over-year revenue increase and 27% earnings surprise highlight the strength of its diversified business model, underpinned by expanding AI-driven demand and resilience in digital advertising. Alphabet’s balanced exposure to both cyclical ad revenue and structural cloud growth positions it as one of the most attractive large-cap technology holdings. With sentiment turning decisively bullish and the stock breaking out to new highs, the setup offers favorable risk/reward for continuation higher toward the $300 level.

Technical Analysis
GOOGL’s breakout above the $270 level confirms strong, sustained bullish momentum following heavy post-earnings buying. The stock remains trades above its 20-day, 50-day, and 200-day moving averages, underscoring robust trend strength across all timeframes. The surge through prior resistance on elevated volume highlights persistent demand and points to the potential for continued upside.

Fundamental Analysis
Alphabet’s Q3 results reinforce its leadership across multiple growth vectors, combining accelerating revenue expansion with disciplined cost management and superior profitability. Despite its dominant position and robust growth profile, GOOGL continues to trade at a valuation broadly in line with the industry, underscoring its relative value appeal.

• Forward PE Ratio: 24.30x vs. Industry Median 24.26x
• Expected EPS Growth: 14.69% vs. Industry Median 14.57%
• Expected Revenue Growth: 11.73% vs. Industry Median 14.85%
• Net Margins: 31.12% vs. Industry Median 8.85%

Options Trade
The recommended strategy is to sell the GOOGL Nov 28, 2025 $270/$260 Put Vertical Spread at $4.05, collecting $405 in premium with $595 of defined risk. This bullish credit spread benefits from continued price stability or further upside. The maximum profit of $405 is achieved if GOOGL remains above $270 through expiration, while the maximum loss of $595 occurs below $260. With 29 days to expiry, this setup offers an appealing risk/reward ratio of approximately 1:1.47, providing a balanced combination of defined risk and attractive premium income.

GOOGL – Daily

Trade Details

Strategy Details

Strategy: Short Put Vertical Spread

Direction: Bullish Credit Spread

Details: Sell to Open 3 GOOGL Nov 28 $270/$260 Put Vertical Spreads @ $4.05 Credit per Contract.

Total Risk: This trade has a max risk of $1,785 (3 Contracts x $595) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $595 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: 96

Stop Loss: @ $8.10 (100% loss to value 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 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 GOOGL Trade

META Bullish Trade Adjustment Signal

Investment Rationale

Adjustment Rationale:

META has rallied meaningfully from our initial entry point, but as we approach earnings later this afternoon, we are going to roll our position up to the Dec 19 $750/$700 Put Vertical to lock in some profits and re-center the trade for a potential continuation of this trade to the upside. We remain constructive on META at 24x forward earnings, especially with revenue growth rates around 17% and net profit margins approaching 40%, META remains one of our top picks within the AI space. 

Adjustment Trade

META @ $751.44

Days to Expiration (DTE): 51

BUY TO CLOSE 1 Nov 21, 2025 $710/$685 Put Vertical Spreads @ $6.48

SELL TO OPEN 1 Dec 19, 2025 $750/$700 Put Vertical Spreads @ $20.35

META – Daily

Trade Details

Strategy Details

Strategy: Rolling a Short Put Vertical up and out

Direction: Resulting in a new Bullish Credit Spread

Details: Buy to Close 1 META Nov 21 $710/$685 Put Vertical Spreads @6.48 Debit and Sell to Open 1 META Dec 19 $750/$700 Put Vertical Spreads @ $20.35 Credit.

Total Risk: The resulting position has a maximum risk of $2,503 (2,965-462), calculated as the new max risk of the spread sold ($2,965) minus the premium gained from the closing the initial trade ($462).

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

1M/6M Trends: Bullish/Bullish

Relative Strength: 9/10

Stop Loss: @ $40.70 (100% loss to value 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 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. 

LMT Bullish Opening Trade Signal

Investment Rationale

Investment Thesis
Lockheed Martin Corp. (LMT) remains a core beneficiary of escalating global defense spending, supported by ongoing geopolitical instability and rising commitments to military modernization among NATO and allied nations. The company’s strong Q3 results Third Quarter 2025 earnings report on October 21st, featuring revenue of $18.6 billion and an upward revision in full-year EPS guidance to $22.15–$22.35, reaffirm confidence in its resilient order book and execution strength. With a diversified defense portfolio spanning aeronautics, missiles, and space systems, LMT offers a compelling long-term value opportunity as defense budgets continue to expand globally.

Technical Analysis
After rallying on Q3 earnings, LMT reclaimed its 50-day moving average near $478, which now serves as a solid support level. The 50-day recently crossed above the 200-day, underscoring renewed bullish momentum. With RSI sitting midrange at 46, the setup leaves room for further upside.  Current trading behavior suggests steady accumulation and improving performance relative to the S&P 500.

Fundamental Analysis
LMT trades at a steep valuation discount relative to its industry peers despite superior earnings growth expectations. The company’s long-term contracts, strong free cash flow generation, and elevated backlog position it well for sustained dividend growth and share repurchases. Continued global demand for air defense and tactical systems should underpin top-line expansion through 2026.

• Forward PE Ratio: 16.63x vs. Industry Median 33.85x
• Expected EPS Growth: 32.80% vs. Industry Median 12.30%
• Expected Revenue Growth: 4.29% vs. Industry Median 9.54%
• Net Margins: 5.73% vs. Industry Median 7.94%

Options Trade
Sell to Open 1 LMT Dec 5, 2025 485/470 Put Vertical @ $6.70 Credit. This bullish put vertical spread involves selling the 485 strike put and buying the 470 strike put to collect a net credit of $670, defining a maximum risk of $830. The setup offers a favorable risk/reward profile of approximately 0.8:1, with a breakeven point at $478.30. The position benefits from time decay and stable or rising prices, allowing for full profit potential if LMT remains above $485 through expiration. Given the stock’s constructive technical outlook and supportive fundamentals, this spread represents a high-probability income trade that aligns with continued strength into year-end.

LMT – Daily

Trade Details

Strategy Details

Strategy: Short Put Vertical Spread

Direction: Bullish Credit Spread

Details: Sell to Open 2 LMT Dec 05 $485/$470 Put Vertical Spreads @ $6.70 Credit per Contract.

Total Risk: This trade has a max risk of $1,660 (2 Contracts x $830) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $830 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/Bullish

Relative Strength: 3/10

OptionsPlay Score: 110

Stop Loss: @ $13.40 (100% loss to value of premium)

View LMT 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 LMT Trade

Closing Trade

• SPY – 56% loss: Sell to Close 1 Contract (or 100% of your Contracts) Nov 21 $665/$615 Put Vertical Spreads @ $4.42 Credit. DailyPlay Portfolio:  By Closing 1 Contract, we will be collecting $442. We initially opened this contract on October 15 @ $10.12 Debit. Our loss, therefore, is $570 per contract.

DailyPlay Portfolio Review

Our Trades

AZN – 25 DTE

Bullish Debit Spread – AstraZeneca PLC (AZN) – We recently opened this position, which is currently showing a slight loss, and we plan to maintain it for now. The company is set to release its earnings report on Thursday, November 6, before the market opens.

BROS – 25 DTE

Bearish Debit Spread – Dutch Bros Inc. (BROS) – This recently opened position is showing a minor gain, and we plan to hold it for now. The company is approaching its upcoming earnings report on Wednesday, November 5th, after the close.

GS – 81 DTE

Bullish Long Call – Goldman Sachs Group, Inc. (GS) – We remain bullish on the stock over the longer term and intend to hold the position. The cost basis has been reduced by selling a shorter-term call that expired worthless, and we may look to sell another call in the near future.

KR – 11 DTE

Bearish Credit Spread – The Kroger Co. (KR) – This position is currently showing a minimal loss. Bearish momentum picked up last week, but we may need to exit early this week as expiration is approaching.

META – 25 DTE

Bullish Credit Spread – Meta Platforms, Inc. (META) – This position currently has a minimal gain, which we plan to maintain for now. Meta is expected to release earnings on Wednesday, October 29th, after the close.

NEM – 32 DTE

Bullish Debit Spread – Newmont Corporation (NEM) – Newmont (NEM) beat analyst expectations for both earnings and revenue in its third-quarter 2025 report. However, the stock slipped following the announcement, most likely due to lower-than-expected gold production, combined with gold prices remaining near all-time highs but recently declining. We need bullish momentum to build early this week, or we will close the position.

SCHW – 32 DTE & 81 DTE

Bullish Diagonal Debit Spread – Charles Schwab Corp. (SCHW) – On Thursday, October 16th, Schwab reported earnings that exceeded both revenue and profit expectations. We remain bullish on the stock. After realizing gains on our initial long call, we rolled into a higher strike with a longer expiration and later sold a short-term out-of-the-money call to lower our cost basis.

SPY – 25 DTE

Bearish Debit Spread – (SPY) – We are closing the position today.

SCHW Bullish Trade Adjustment Signal

Investment Rationale

Adjustment Rationale:

Charles Schwab Corp. (SCHW) – Last Thursday, October 16th, Schwab reported earnings that exceeded both revenue and profit expectations. We remain bullish on the stock. After realizing gains on our initial long call, we rolled into a higher strike with a longer expiration, then sold a short-term out-of-the-money call to lower our cost basis.

Our next adjustment involves closing the existing short leg and selling to open another call with a lower strike and later expiration, generating a net credit. This will further reduce the cost basis of our long option position. The current position and proposed adjustment are detailed below.

Current Position:

• Long 1 SCHW Jan 16, 2026 87.5 Call
• Short 1 SCHW Oct 31, 2025 104 Call

Adjustment – Roll:

Sell to Open   1  Nov 28, 2025  100  Call   $0.97
Buy to Close   1  Oct 31, 2025  104   Call   $0.04

Resulting Position:
Long 1 SCHW Jan 16, 2026 87.5 Call
Short 1 SCHW Nov 28, 2025 100 Call 
New cost Basis and total risk of $1,272

SCHW – Daily

Trade Details

Strategy Details

Strategy: Rolling a Short Call option down and out

Direction: Resulting in a new Bullish Diagonal Spread

Details: Buy to Close 1 SCHW Oct 31 $104 Call and Sell to Open 1 SCHW Nov 28 $100 Call @ $0.93 Net Credit.

Total Risk: The resulting position has a maximum risk of $1,272 (1,365-93), calculated as the initial cost basis of the trade ($1,365) minus the premium received from the adjustment ($93).

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

1M/6M Trends: Bullish/Bullish

Relative Strength: 7/10

Stop Loss: @ $6.36 (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. 

AZN Bullish Opening Trade Signal

Investment Rationale

Investment Thesis
AstraZeneca PLC (AZN) presents a compelling bullish setup ahead of its upcoming earnings report on Thursday, November 6, before the market opens. The company’s strong growth profile, underpinned by expanding margins and accelerating revenue, continues to differentiate it within the pharmaceutical sector. With shares consolidating near recent highs following a sustained uptrend, the stock appears well-positioned for potential continuation higher into the earnings event. This setup aligns with a favorable risk/reward environment for traders seeking exposure to a large-cap growth leader in healthcare.

Technical Analysis
AZN’s technical picture remains constructive, supported by a rising 50-day and 20-day moving average that are both trending above the 200-day line. The stock has pulled back slightly from its October peak near $85, now finding support around the 20-day moving average near $82.50—an area coinciding with prior breakout levels. Notably, inside the OptionsPlay platform yesterday, a “CCI Dip In Bullish Trend” alert was generated, indicating the stock is maintaining its broader uptrend while experiencing a short-term dip that may offer an attractive entry point for bullish strategies. A break above $85 would likely trigger a renewed push toward higher highs into earnings.

Fundamental Analysis
AstraZeneca continues to demonstrate superior growth metrics compared to its industry peers, reinforcing the bullish case from a fundamental standpoint. The company’s profitability and growth trajectory remain robust, driven by a strong oncology pipeline and expanding margins across key therapeutic segments.

• Forward PE Ratio: 27.89x vs. Industry Median 14.07x
• Expected EPS Growth: 37.18% vs. Industry Median 7.52%
• Expected Revenue Growth: 35.85% vs. Industry Median 3.75%
• Net Margins: 52.41% vs. Industry Median 16.07%

Options Trade
The suggested trade is to buy the AZN November 21, 2025, 82.5/90 call vertical spread for $2.61, with a defined risk of $261 and a maximum potential reward of $489. This bullish vertical spread benefits from continued upside momentum while limiting downside exposure ahead of earnings. The trade profits if AZN closes above $85.11 by expiration, with breakeven set just above current support. Structuring the position as a debit call spread reduces the cost compared to buying calls outright, offering an efficient way to express a bullish view while maintaining favorable risk/reward characteristics.

AZN – Daily

Trade Details

Strategy Details

Strategy: Long Call Vertical Spread

Direction: Bullish Debit Spread

Details: Buy to Open 7 AZN Nov 21 $82.50/$90 Call Vertical Spreads @ $2.61 Debit per Contract.

Total Risk: This trade has a max risk of $1,827 (7 Contracts x $261) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $261 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: 8/10

OptionsPlay Score: 106

Stop Loss: @ $1.31 (50% loss of premium)

View AZN 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 AZN Trade

BROS Bearish Opening Trade Signal

Investment Rationale

Investment Thesis
Dutch Bros Inc. (BROS) is setting up for a potential downside move as the company approaches its upcoming earnings report on Wednesday, November 5th. While the brand continues to expand its footprint within the specialty coffee market, the stock’s lofty valuation and slowing margin profile suggest the current rally may be short-lived. With sentiment already cautious across the restaurant sector amid elevated input costs and weaker discretionary demand, BROS appears vulnerable to a post-earnings pullback as investors reassess its premium valuation against muted profitability metrics.

Technical Analysis
BROS has recently rallied back toward the key $57.50 resistance level, an area that has consistently capped price advances since mid-summer. The stock remains positioned below both its 50-day and 200-day moving averages, reflecting sustained longer-term weakness despite the short-term recovery from oversold conditions. Notably, inside the OptionsPlay platform yesterday a “Bearish Trend Following” alert was generated, highlighting that it has recently experienced a rally within a longer term bearish trend that may provide a favorable risk/reward for a bearish trade. With relative strength still weak (2/10) and momentum beginning to stall beneath resistance, a renewed decline toward the $35 downside target appears probable if selling pressure intensifies following earnings.

Fundamental Analysis
While BROS demonstrates strong growth characteristics, its profitability and valuation metrics remain materially stretched relative to peers. The company’s forward multiple implies an excessive premium for its earnings trajectory, leaving little room for disappointment as operating costs remain elevated.

• Forward PE Ratio: 61.08x vs. Industry Median 23.51x
• Expected EPS Growth: 32.65% vs. Industry Median 8.90%
• Expected Revenue Growth: 24.16% vs. Industry Median 6.11%
• Net Margins: 3.94% vs. Industry Median 12.57%

Options Trade
A defined-risk bearish setup can be structured using a Put Vertical Spread, specifically buying the Nov 21, 2025 $57.5/$47.5 Put Vertical for approximately $3.67.. This position risks $367 to potentially earn $633, offering an attractive 1.7:1 reward-to-risk ratio if BROS trades below $47.50 by expiration. The spread benefits from both directional downside and potential post-earnings volatility compression. this trade provides a balanced way to express a bearish thesis into earnings while controlling downside exposure.

BROS – Daily

Trade Details

Strategy Details

Strategy: Long Put Vertical Spread

Direction: Bearish Debit Spread

Details: Buy to Open 5 BROS Nov 21 $57.50/$47.50 Put Vertical Spreads @ $3.67 Debit per Contract.

Total Risk: This trade has a max risk of $1,835 (5 Contracts x $367) based on a hypothetical $100k portfolio risking 2%. We suggest risking only 2% of the value of your portfolio and divide it by $367 to select the # contracts for your portfolio.

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

1M/6M Trends: Mildly Bullish/Bearish

Relative Strength: 2/10

OptionsPlay Score: 118

Stop Loss: @ $1.84 (50% loss of premium)

View BROS 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 BROS Trade