Options In Play May 2, 2022

May 2, 2022

Intraday Update: PG

PG formed a quick bull flag above key previous resistance at 160 post-earnings, and as recently as Thursday, looked ready for another leg higher. Like many stocks, though, Friday saw a major reversal lower, and today’s early drop has it into the technical stop range. The Jun17 $165 – $170 call spread will be closed this morning, but we will watch for a potential move to 164 in the near future for a revisit.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under “Trader Author Portfolio Holdings.”.

Trader Author Portfolio Holdings

**As of the date and time of publication

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