By Dan Darrow

November 30, 2022

Intraday Update: EXPE, SNOW

Indices have exploded higher following Powell's speech, and there are a couple of positions that need to be managed:

  • Let's book EXPE. The short-term Dec16 $105 - $110 call spread has moved into the money, and this is a great opportunity to lock in the remainder of the position for a nice win.
  • We are going to have to adjust the contracts on the SNOW strangle due to late afternoon movement. The new trade will be:
    • Long Dec09 $157.50 -$162.50 call spread
    • Long Dec09 $124 - $119 put spread

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