By Dan Darrow
September 22, 2022
Intraday Update: BE, AFRM
A couple of more early updates as the indices continue to trend lower:
- BE is losing recent support and sliding below the 50day sma early, so the Oct21 $28 - $32 call spread needs to be closed. We can revisit a trade on this if it resets above 26.
- AFRM is nearing the initial target range. The Oct21 $22.50 - $17.50 put spread is moving nicely into the money, so the plan will be to close the current spread and roll down to a tighter Oct21 $20 - $17.50 put spread. The next target is <19.
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