By Dan Darrow
October 19, 2022
Intraday Update: AFRM, MBB
The AFRM Nov18 call spread strategy revolves around a breakout above the 20day sma, and today's early drop is sending the stock back under 19 and below that key moving average. We will hold off initiating the trade until AFRM can reset above 19.50. I will pass along an update when that happens.
MBB has gapped to a new low, sending the Nov18 $90 - $88 put spread roll down nicely into the money. The remainder of the trade will be closed into weakness this morning and we will wait for a new setup.
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