By Dan Darrow
October 14, 2022
Intraday Update: DAL
DAL caught an upgrade this morning following its strong report/session yesterday, and the early gap sent it sailing into the 50day sma (the initial target). Unfortunately, the move was too quick to get involved and there has been no pullback since, so we are going to have to hold off initiating the DAL Nov18 $30 call. I will continue to monitor the stock for the next few sessions to see if there is another fast setup.
* 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