By Dan Darrow
September 14, 2022
Intraday Update: GLD, ABNB
A couple more early updates:
- We need to shift the action area of the GLD Oct21 $157 – $150 put spread slightly higher following the red open on the ETF. The new action area will be $1.85 – $2.10.
- ABNB is into the roll range. The stock is up sharply this morning and nearing 130, and the Oct21 $125 – $130 call spread is deep into the money. The plan here will be to close the current spread and roll up to a lower debit Oct21 $135 – $140 call spread. The next target is 135+.
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
