By Dan Darrow
November 30, 2022
Intraday Update: ALLY, TNDM
A couple of more morning updates as indices spin around waiting on Powell's speech this afternoon:
- Let's roll out ALLY. The stock continues to act weak, but the Dec16 $25 - $22 put spread roll down is running low on time as the stock struggles to crack 25. The plan will be to close the current spread and roll out to a Jan20 $25 - $22 put spread.
- TNDM is a pain. It didn't cooperate with the Jan20 $40 - $35 put spread initiation yesterday, and then after a weak close, it has run higher out of the gate this morning. The stock is above the tight technical stop, so the position will be closed this morning.
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