By Dan Darrow
December 01, 2022
Intraday Update: GSK, VZ
Action has turned choppy following a strong early morning run, but plenty of stocks are still seeing large swings intraday. There are a couple of more positions that need to be managed:
- GSK is above 35 and at the 100day sma, and this is a great area to lock in some money on the Jan20 $34 call. The plan will be to close the current position and roll up to a lower debit Jan20 $35 - $38 call spread. The next target is 36.25+.
- VZ is at the stop loss for the Dec16 $40 call roll up, so the position needs to be closed. The stock has turned lower quickly in afternoon trading, and beginning to lose moving average support.
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**As of the date and time of publication