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.

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