By Dan Darrow

November 23, 2022

Intraday Update: DG

DG was a speculative, short-term sympathy play on DLTR's earnings, and while it came so close to the target yesterday morning, the move wasn't enough to roll/adjust the Nov25 strangle. Now the stock is spinning around in the high-250s, and the weekly options are losing premium fast. The DG Nov25 $265 - $270 call spread and Nov25 $250 - $245 put spread need to be closed before the options lose more value. It's disappointing after the start yesterday, but we need to manage this position with expiration only a day away (the market is closed tomorrow for Thanksgiving).

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