August 03, 2022
Intraday Update: CRM, MPC
A couple more early updates as gains build across the market:
- CRM is at the initial target range for the Sep16 $190 - $200 call spread, so the plan will be to lock in some gains and roll up to a tighter Sep16 $195 -$200 call spread. The next target is 195+.
- MPC has been green since the open and the proposed Sep16 $95 - $105 call spread has been above the action area all morning. There is some potential left on the bull thesis, but the trade is now slightly riskier, so we will need to adjust the contracts of the new strategy to account for that. The new trade will be:
- Long Sep16 $97.50 - $105 call spread.
Open Positions
Trader Author Portfolio Holdings
**As of the date and time of publication