By Dan Darrow
December 16, 2022
Intraday Update: DIA, TAN
Two more morning updates:
- Let's book the remainder of DIA. The ETF is sliding into 327 this morning, so the Dec30 $327 - $324 put spread roll down will be closed. The remainder of the bull portion of the strangle will be closed too - Dec30 $349 - $353 call spread roll up.
- TAN is losing the key 100day sma support level, and that is changing the bull thesis for the Jan20 $82 - $90 call spread. The position needs to be closed this morning.
* 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