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.

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