August 11, 2022
Intraday Update: FCEL, JETS
Indices are continuing to build this morning on the bullish momentum from the cooler-than-anticipated CPI reading, and with many stocks indicating early gains after large runs yesterday, there are a couple of positions that need managing early:
- FCEL is indicating a ~9% open after a big session yesterday, and the stock will be trading near the 200day sma early. That moving average was the top end of the target expected for the short-term position, so the Aug19 $5 - $6 call spread roll up will be closed into strength off the open.
- JETS had a strong session yesterday and is following it up with a solid start this morning, and the early rally has it near the 19 initial target range for the Sep16 $18 call. The plan will be to close the current call and roll up to a lower debit Sep16 $19 - $21 call spread. The next target will be 19.40+
Trader Author Portfolio Holdings
**As of the date and time of publication