By Dan Darrow
November 22, 2022
Intraday Update: DE
DE is a big Industrial report scheduled before the open tomorrow, and the stock is up ~1% ahead of the print today. DE has been in a steady uptrend for over a month, and it will go into the report at its best level since April. While there is an open path higher if the numbers are solid, the company had a mixed quarter in August and a weaker print in May, so there are some reasons to be cautious. The smart thing to do is close out the Dec16 $430 - $440 call spread roll up ahead of the report. We can quickly revisit a new strategy on this if the stock acts well post-numbers.
Trader Author Portfolio Holdings
**As of the date and time of publication