By Dan Darrow
December 16, 2022
Intraday Update: DKNG, NEM
Indices are having a mixed open following a couple days of heavy selling, and there are a couple of positions that need to be managed early:
- DKNG is sliding under 12.50 and this is great timing for the shorter-term Dec30 $13 put roll down. The trade will be closed into weakness as time is running low on the position.
- NEM is sliding back under 46, and the bull thesis is slowly eroding. The Jan20 $50 - $57.50 call spread needs to be closed as the position is trading into the debit stop loss zone.
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