By Dan Darrow

August 26, 2022

Intraday Update: GM

GM has quickly ticked up to 41 pre-Powell's statement this morning, offering a good opportunity to lock in more money on the swing trade. The plan will be to close the current Sep16 $41 - $45 call spread and roll up to a tighter Sep16 $42 - $45 call spread. The next target is 42.50+.

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