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.
Trader Author Portfolio Holdings
**As of the date and time of publication