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.

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