By Dan Darrow

September 13, 2022

Intraday Update: BE, OKTA

A hotter-than-expected CPI report (8.3% vs 8.1% expected) was a surprise for traders, as many were looking for a cooler print this morning. The swift move lower across the market will make for a busy session, but we will approach the open as we typically do on big gap days. The priority is always to manage the positions closest to expiration, or the ones at stops or targets, and at the moment, there aren't any that fall into those categories. We will also give the BE and OKTA trade ideas from yesterday's letter 30-45 minutes before initiating to make sure the patterns are still valid.

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