By Dan Darrow

October 07, 2022

Intraday Update: CCL

Bad is good and good is bad. A better-than-expected Jobs report this morning has led to a sharp slide on QQQ/SPY, and gains from earlier in the week are starting to evaporate (though it is very early in the session). It may end up being a busy morning of updates, but we are going to start with CCL as it is within a few cents of the initial target range. The plan will be to lock in some money on the Nov11 $8 put and roll down to a Nov11 $7 put. The next target will be <6.40.

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