Intraday Update: ADBE, AMZN

By Dan Darrow

October 18, 2022

Intraday Update: ADBE, AMZN

Both ADBE and AMZN have pulled in off the opening high, and both patterns are intact even though the stocks are still green. We do need to make adjustments on the contracts to get involved, though. The new trades will be:

Long ADBE Nov18 $305 - $315 call spread.
Long AMZN Nov04 $119 - $123 call spread

Note: because both stocks are currently green and above where we wanted to initiate the positions, you should approach the trades with lower overall size/risk.

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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