By Dan Darrow
December 21, 2022
Intraday Update: DIA
A 1% overnight/premarket rally on DIA has lifted the ETF into the low-330s and it has put it above the initial target range for the Jan13 call spread. Our rule is to hold off initiating a new position if the stock/ETF hits the preliminary target before the position is opened, so, unfortunately, we will need to hold off opening the proposed trade. We can watch to see if there is another quick setup on DIA in the near future.
Trader Author Portfolio Holdings
**As of the date and time of publication