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.
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**As of the date and time of publication