By Dan Darrow
November 14, 2022
Intraday Update: ABBV, MBLY
A couple of more early updates:
- ABBV is nailing the initial target range, so it's time to lock in some money on the Dec02 $150 -$155 call spread. The plan will be to close the current spread and roll up/out to a lower debit Dec16 $155/$160/$165 standard ratio call fly (1:2:1). The next target is 157+.
- We are going to turn MBLY into a call spread. A Dec16 $35 call will be sold against the current Dec16 $30 call, lowering the net debit of the trade by ~90%. Now we will be looking for a move to 33+ to roll/manage the trade again.
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