By Dan Darrow
November 03, 2022
Intraday Update: FDX, THC
Indices are continuing their slide that started during Powell's press conference yesterday afternoon, and many stocks are under pressure early. There are a couple of positions that need to be managed off the open:
- FDX failed to hold the 8day ema and 20day sma yesterday, and the lack of an early bounce this morning means the Nov18 $165 - $170 call spread roll up needs to be closed.
- THC is at the initial target range, so the Dec16 $45 - $40 put spread will be closed and a Dec16 $40 - $35 put spread will be opened. The next target is <38.25.
Trader Author Portfolio Holdings
**As of the date and time of publication