By Dan Darrow
September 14, 2022
Intraday Update: GLD, ABNB
A couple more early updates:
- We need to shift the action area of the GLD Oct21 $157 - $150 put spread slightly higher following the red open on the ETF. The new action area will be $1.85 - $2.10.
- ABNB is into the roll range. The stock is up sharply this morning and nearing 130, and the Oct21 $125 - $130 call spread is deep into the money. The plan here will be to close the current spread and roll up to a lower debit Oct21 $135 - $140 call spread. The next target is 135+.
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**As of the date and time of publication