By Dan Darrow

September 07, 2022

Intraday Update: ENPH

Take the money and run on ENPH. A huge two-day move has made for a big trade on ENPH, and the stock's push above 315 in late afternoon trading has sent the Sep30 $315 - $320 call spread roll up into the money. We are below the 8day ema on QQQ/SPY and that means we are still in a bearish tape, so it's smart to work quicker taking gains on the bull side. The remainder of the ENPH position will be closed into strength and we can watch for a new setup.

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