By Dan Darrow
November 11, 2022
Intraday Update: DE, TGT
DE is nearing the 412 initial target zone early this morning, so let's work quickly to lock in some money on the trade. The Dec16 $410 - $420 call spread will be closed and a further out-of-the-money Dec16 $430 - $440 call spread will be opened. The next target is 425+.
TGT is having a great two-day move. The strong run out of the gate this morning has the stock nicely above 170, and the Nov18 $170 - $172.50 call spread roll up has moved into the money. The remainder of the position will be closed this morning, and we may circle back to the stock next week for an earnings-specific trade.
Trader Author Portfolio Holdings
**As of the date and time of publication