By Dan Darrow

November 02, 2022

Intraday Update: CRM

Software stocks are broadly weak this morning, and CRM is getting dragged down with the group. After stabilizing nicely above 160 over the past, CRM is breaking back below that level today, which is starting to change the bullish thesis for the trade. The Nov18 $170 - $175 call spread roll up needs to be closed. We can watch for a move to 165-166 for a potential revisit.

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