August 10, 2022
Intraday Update: FCEL
FCEL is within striking distance of the $.65 initial target move, so this is a great opportunity to scale back risk on the short-term straddle. The Aug19 $4.50 straddle was a sympathy play on peer reports from PLUG, BE, and BLDP, and with all three green today post-earnings, FCEL is going along for the ride as well. The plan will be to close the FCEL Aug19 $4.50 call and roll up to an Aug19 $5 - $6 call spread. This next target will be 5.10-5.15+ and we will closely manage this position moving forward. The Aug19 $4.50 put will also be closed this afternoon.
Open Positions
Trader Author Portfolio Holdings
**As of the date and time of publication