By Dan Darrow

October 25, 2022

Intraday Update: GOOGL

GOOGL is up ~1.5% in late afternoon action, slightly skewing the Nov04 strangle more in favor of the bull side. We want the strangle to be roughly 50/50 between risk on the bull and bear portions of the trade, so we need to adjust the contracts. The new trade will be:

  • Long Nov04 $108 - $112 call spread
  • Long Nov04 $100 - $96 put spread

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