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.
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**As of the date and time of publication