By Dan Darrow

September 22, 2022

Intraday Update: GME, ICLN

Two more early updates:

  • GME is nearing the initial target range, so it is time to lock in some money on the Oct21 $27.50 - $20 put spread. The plan will be to close the current spread and roll down to a tighter Oct21 $25 - $20 put spread. The next target is <24.
  • ICLN is at the technical stop. The Green Energy names are under pressure today, and ICLN's drop below 21 means the Dec16 $23 call needs to be closed. The ETF is into the gap from July, and could have room down below 20.30 now.

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