By Dan Darrow

November 15, 2022

Intraday Update: GM

GM gapped higher this morning and the proposed Jan20 $40 call from yesterday's letter has been trading above the action area since the open. To get risk back down in line with the $2.75 -$ 3.25 area, we will initiate a Jan20 $40 - $47.50 call spread instead. The target and stop will remain the same.

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