By Dan Darrow

September 01, 2022

Intraday Update: HACK

This was the last big week of Cyber Security reports for the quarter, and it has not gone well (from a stock performance perspective). HACK was holding the 50day sma after rolling into it earlier this week, but top names in the sector are getting crushed today and that is hurting the ETF. The original Sep16 position was rolled up twice, so while the current Sep16 $52 - $55 call spread has lost a majority of its premium, the overall trade will still come out ahead. The plan today (and the next several days) is to recover whatever premium is possible on the spread before expiration.

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