August 03, 2022
Intraday Update: DFS
The constant, steady grind higher across the market is lifting even the recently broken names. DFS had formed a nice bearish setup post-earnings as it hung below all near-term moving averages and the 100 level, but it is beginning to recover along with the overall market now, and today's rally is hitting the tight stop for the Sep16 $97.50 - $90 put spread. The trade will be closed this afternoon and we will watch for a new setup on the name.
Open Positions
* 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
